High-Volume Sports Bar And Restaurant In Hiram, GA For Sale

Description

Restaurant and bar for sale in Hiram, Georgia, approximately 35 minutes from Atlanta.

Average monthly sales are approximately $63,000.

Cost of goods sold is reported at approximately 39%.

Monthly net profit is approximately $8,400, or about $100,000 annually, after approximately $15,500 in monthly payroll.

The owner currently works limited hours in the business.

Business details

• Approximately 4,200 sq. ft.
• Open from 11:00 AM to 2:00 AM
• Approximately 70% food sales
• Approximately 30% alcohol sales
• No franchise fees
• More than 1,300 online reviews with an average rating of approximately 4 stars

Monthly rent is approximately $7,056 plus about $2,000 in CAM/NNN charges.

Approximately 7.5 years remain on the current lease.

The seller reports traffic of approximately 37,800 vehicles per day along the main Hiram corridor.

The surrounding population is reported at approximately 55,000 residents within three miles and 140,000 within five miles, with median household income of about $96,000.

The asking price is $329,000 plus inventory, which is estimated at approximately $8,000 to $10,000 at cost.

The business is currently open, staffed and generating revenue.

A more active owner could potentially reduce management or payroll expense and take a larger role in daily operations.