779 Restaurant and Bar Cherokee county/

This restaurant did almost $1.2 million last year. The small restaurant has been at this location for over 20 years. Approximately 90% of the customers are regulars. No marketing or advertisements have been done in years. The owner is absentee and pays the current manager $65,000 a year. An owner operator can increase sales plus replace the current manager after a few weeks. Selling at 2 1/2 times the net. Location also has a patio with a low rent of $5000 which is currently at 5% of the gross. The location also has a patio with a low rent of $5000 which is currently at 5% of the gross. Priced to sell at $390,000 with some financing to a qualified buyer.

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Confidentiality:

Purchaser / Lessee (“purchaser”) acknowledge (a) that information and / or documentation, relating to the business and / or locations (“facility”) listed on and furnished to purchaser by Georgia Restaurant Brokers known as GRB has not been previously presented to or made available to Purchaser except through GRB. (b) That the information will not be disclosed by Purchaser to anyone without the prior written consent of GRB and (c) that the Purchaser will not enter into any meeting, negotiations, or agreement relating to such facility except through GRB. Purchaser acknowledges that GRB has not conducted any independent investigation, verification, or evaluation of the information provide to Purchaser, and that GRB offers no warranty or representations concerning the accuracy of the information. Purchaser agrees to rely solely upon Purchaser’s own independent inquiry and research relating to such facility prior to closing Receipt of this agreement to acknowledge.

 

Dual Agency:

When GRB list a business for sale it becomes the agent for the Seller. GRB usually works with the buyer too, and by this relationship it also becomes a buyer’s agent. This creates a dual agency which GRB represents both parties.

 

Full Disclosure:

All agents must fully disclose all pertinent information known to the agent or to the party that agent represents. Buyer and Seller also must always, under Georgia law, disclose all relevant facts, which would influence the sale of business.

 

Click here for a printable PDF of the Confidentiality Agreement

 

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