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Very Rare-to-Market 6,000+ sq ft Building Complex Cafeteria


MASSIVE 6,000 SQ FT BUSY BUSY CAFETERIA IN ONE OF THE LARGEST, MOST EXCLUSIVE ICONIC OFFICE BUILDINGS IN ATLANTA… OWNER IS RETIRING- THIS IS A VERY RARE TO MARKET unique opportunity to have a crown-jewel operation that enjoys a virtual monopoly!! On it’s 33rd year, this well established business serves hot food, chips, drinks, full-service salad bar, etc… This operation is only open 7.00am-2.30pm daily; no Sat or Sun!! This is a 100% turn key operation with (4) well trained employees (plus owner). This is NOT an absentee business- and owner requires new buyer to have restaurant experience- and it be a family run purchase… This is an asset sale (no real property being sold); conveyance of everything related to this business- tangible and intangible conveys- so purchase on Monday, Tuesday you’re open for business… Building has 24 hr concierge & security at lobby… Here are your 2022 cash flow inputs, per owner, to calculate cash flow- financials all verifiable/ documented during Due Diligence period: Net Operation Income (NOI) profit or EBITA to owner varies $11,000-15,000 mo, generated on annual sales of $465,000 or [$40,000] monthly receipts. Rent is EXTREMELY reasonable at 8% of sales, averaging $3,200 mo including CAM @ 6,000 sq ft interior space + additional 2,000 sq ft patio = 8,000 ft! Wages $10,200/ mo; electric $350/ mo; water $288/ mo; insurance $592/ mo; CC bank fees $796/ mo; hood/fire fee $100/ mo; license $98/ mo; grease trap $99/ mo; food costs average $13,900/ mo; cable/phone $188/ mo. Owner doesn’t spend a nickel advertising. Owner is retiring- but said an ambitious new owner could potentially take this business to over $70k+ per month, especially by adding a pizza oven, smoothie bar, a few more employees to handle volume, etc… Establishment capacity is over 100 customers- so there is lots and lots of substantial future expansion to grow!!! Owner will generously deliver this business “as it stands today” with all equipment (FFE too of course)- and train you thoroughly, for a smooth hand off… Business trend has been markedly positive every year, as this is a Class A stunning corporate complex. This business needs some fresh new energy- no doubt can provide a sustainable operation that can yield robust dividends to your family for a lifetime of financial independence. 8 yrs remaining on lease too- with 5 + 5 yr renewals! No seller financing. Contact us via our homepage (www.GaBusinessSales.com) for appt with broker only- NO WALKS INS PERMITTED! AND NDA UNDER STRICT CONFIDENTIALITY IS A REQUIREMENT FOR DETAILS… Email: RealtyGoldTeamInc@Gmail.com or call Mike at 404-915-3130.

Listed By: Omar Kettani

Background information

Reference:

rewrewrwe

Year established:

1991

Reason selling:

Retirement

Finance

Sales:

$465,000

EBITDA:

$168,000

Operations

Employees:

4

Equipment:

Included in asking price $360,000

Inventory:

Not included in asking price

Premises

Facility:

All assets of the owner convey to the new buyer

Rent and lease terms:

$3,200

Location:

Atlanta, GA

Opportunities

Growth:

Owner is retiring and not making much effort. A fresh new owner can significantly boost monthly volume

Price and terms

Price:

$550,000

Financing:

No seller financing. Buyer needs to explore personal financing to purchase this busin

Training:

Owner will train as necessary to ensure a smooth transition