Tupelo Data Room
American Restaurants, Diners
Active

Need Owner Financing? No Problem - Breakfast & Lunch Business

Athens, Georgia, United States
Asking Price$700,000
Revenue$1,100,000
EBITDA$245,000
Cash Flow$245,000
Description
OWNER FINANCING-LOWER RATE THAN WHAT BANKS WILL OFFER-Serving Oconee & Clarke Counties - 2025 Gross Sales of $1,082,220+. Cash flow - approximately $225,000+/Annual - Oldest established restaurant in the area. Serving breakfast & lunch only with southern comfort foods like Biscuits and Gravy, Homemade Sausage, Red-eye gravy, Grits, Hash Browns, Fried Chicken, Fried Catfish, Homemade meat loaf, just to name a few . Second generation owner. Great working hours - holidays closed. Consistent weekly repeat business, a favorite of locals and blue-collar clientele. FF&E included in purchase price. Approximately $4,000 inventory included. Friendly stable Employees, just like their customers - Easy accessible location with approximately 50 parking. Approximately 4,188 sq.ft and seats approx. 99. Lots and Lots of Upside for the ambitious new buyer with a creative imagination. Dine in or take it to go! Iconic Reputation! Great Reviews! Great People! Loyal Customers! One of a kind, not another one like it in the immediate area! You will be "HOOKED AFTER FIRST VISIT" - REALLY!
Inventory
$4kIncluded in Asking Price
Reason Selling
Owner is Retiring
Facilities & Assets
Established over 60 years, seats approximately 99, includes one van, approximately 50 parking spaces. Lease is $3,500 per month with terms negotiable. Located on main highway with quick access to major road. Stable Employees.
Support & Training
Owner will provide 2 weeks of training if needed with 30 days phone consultation.
Market & Competition
No Competition within 25 miles. Strong Customer Base. Multiple manufacturing plants, car dealerships, large blue collar services; all with tremendous service employees within minutes of restaurant.
Growth Opportunities
Plenty of upside - Ask about ways to increase the business - Very simple & Basic. Owner does not want to do more business than currently doing. The demand for increased castering is incredible but Owner does not want more. DO YOU?
Financing Options
Seller financing is available.Financing available qualified buyer only - you won't find this flexible anywhere! -
Related Categories
American Restaurant for Sale
Diner for Sale
Business for Sale in Georgia
Asking Price$700,000