Indian Restaurant With Low Rent In Suwanee, GA For Sale

Description

Independent fast casual restaurant for sale in Suwanee, Georgia.

The business generates average monthly sales of more than $30,000.

Cost of goods sold is reported at approximately 25%, implying a gross margin of about 75%.

Annual net profit is reported at more than $105,000 after approximately $100,000 in payroll.

The owner currently spends about six hours per week on the business.

Lease and operation

• Base rent: approximately $1,425 per month
• CAM: approximately $350 per month
• Approximately 3 years remaining on the lease
• Open Tuesday through Sunday
• Approximately 10 operating hours per day
• Online ordering and delivery already in place
• Recently renovated

The restaurant currently serves Indian cuisine but operates independently and can be repositioned under a different concept.

The business has more than 200 online reviews with an average rating above 4.5 stars.

The seller reports approximately 67,000 residents within three miles and 181,000 within five miles, with median household income of about $107,000.

Daily traffic is reported at more than 34,000 vehicles. The location is also near I-85 and two colleges serving a combined student population of approximately 25,000.

The asking price is $199,000 plus approximately $5,000 in inventory.

A more active owner may be able to reduce certain management or payroll costs and take a larger role in day-to-day operations.