2049 Scenic Highway N

Listing Provided by Realty Gold Team
EVER DREAM OF OWNING A MULTI-MILLION DOLLAR RESTAURANT? STUNNING 6,850 SQ FT STANDALONE RESTAURANT ON 1.80 ACRES (ORIGINALLY BUILT AS AN O’CHARLIES) AT MAJOR ICONIC SHOPPING MALL PLAZA- SITTING ON SUPER BUSY SCENIC HWY! 300+ ft frontage. Currently operating as “Hook & Reel Seafood Restaurant and Bar” at 2049 Scenic Hwy N, Snellville, GA 30078. Business is grossing over $2M at this powerhouse location; seating for 250 customers. 18 W-2 employees... 8 yrs remaining on a 10 yr lease, with (2) additional 5 yr options in place (water included in triple-net lease) so total 18 yrs on lease... $165,000 average monthly sales. Averaging $36,000/ mo net. Rent $17k mo. Property taxes $2,200 mo. Property insurance $1,100 mo... Absolutely spectacular, hi-end interior finishes!! Business is excellent- but there are six partners, and they have all decided to pursue independent interests- therefore this establishment & location is now available to another major player... This is an asset sale (no real estate sold), and all assets are paid off (no debt). So this sale is the conveyance of all assets of this operating business. It is currently a franchise, however the franchisor has been notified of a change, and you may either assume this franchise- or you may do your very own private label concept! Italian? Mediterranean? Soup/Salad? Mex? Bar ’n Grill? Taco? Steakhouse? Perfect location for any eatery- so you have freedom to expand your operations without restrictions and modify the business model to your fill your entrepreneurial vision!! Full service bar & wine & liquor. Sales volume reflects no active advertising on part of owners- so there is tremendous upside to monthly revenue figures that can be attained... Current owners have well over $1,700,000 invested in this build out... Owner will generously deliver this 100% turn key operation “as it stands today” with all equipment & FFE- and train you thoroughly, for a smooth hand off... Price $550k. All employees remain; computer systems; equipment; electronics; etc... This is an extremely fast-growing N Atlanta suburb... And an AMAZING OPPORTUNITY you do not see often folks... No walks-ins please without prior appt. Thank you!

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Listing data last updated July 24, 2024 6:02 PM EDT

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