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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How to Sell a Restaurant, Bar or Business in Atlanta, Georgia

Want to Sell a Restaurant, Bar or Business?

Georgia Restaurant Brokers assists business property owners in the complex process of selling their business. We stake our reputation on satisfying our clients and providing a smooth & professional transaction.

 

Every business property owner wants the utmost confidentiality. That’s why Georgia Restaurant Brokers requires our potential buyers to complete and sign a Non-Disclosure / Confidentiality Agreement, along with a financial information form. This way we can try our best to pre-qualify the Buyer of your restaurant, bar, or business. We will come to the business to meet the Seller, in this way we can get as much information on the business as possible such as a copy of lease, equipment list, any P&L’s, articles in newspaper and or magazine etc.

 

All Sellers’ want to receive the best possible price for their business. We will then use industry proven techniques to assist you in determining the fair value of your business in today’s marketplace in Atlanta and Georgia. There are several ways in this industry, in which Brokers price a business. The first way is using a percentage of gross sales, which is about 33% or 1/3 of sales. Simply means, if your gross sales were $ 300,000 you would price your business at $100,000. The second way is pricing the business from 200% to 300% of cash flow (net). There are many variables in the pricing of a business, not only cash flow. Your lease has value along with many other assets, such as financing a portion of the sale. When you want to sell your restaurant, bar or business you want an experienced competent professional broker like Georgia Restaurant Brokers handling your sale.

 

We start our marketing by listening to the Seller. We understand that the Seller has the best knowledge of their business. In other words the Seller is our best resource for information on how to market their business. We screen potential buyer’s to verify their financial strength and business experience.

 

Georgia Restaurant Brokers utilizes a number of avenues to market a business. Some of our marketing resources include database of Prospective Buyers, networking, newspaper, magazine publications and personal contacts; both locally and nationally with strategic online advertising. Georgia Restaurant Brokers will work in a confidential and ethical manner to sell the business as quickly as possible. We will help in the negotiations, assist in filling out any forms and accompany you to the closing. We can supply a very experienced closing Attorney, at a minimal cost to the Seller.

 

We are always there to help you find creative ways and solutions when unexpected problems arise. Georgia Restaurant Brokers brings a lot of “know how” and experience to the table.

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