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2049 Scenic Highway N

Snellville, GA 30078
  • $17,000
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: 7287216
$17,000
  • 0
    BEDS
  • 1.81
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial-Lease
Built:
1998
County:

School Ratings & Info

Description

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!



First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Data last updated 2024-03-02T00:06:28.72. For issues regarding this website, please contact BoomTown.
www.ilovemyhome.com/homes/144219530
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2049 Scenic Highway N Snellville, GA 30078

  • Price: $17,000
  • Status: Active
  • On Site: 144 Days
  • MLS #: 7287216
0
Beds
0
Baths
0
½ Baths
1.81
Acres
1998
Built
County:
Gwinnett - Ga
Area:
Gwinnett - Ga
Property Description
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!
Exterior Features

Construction Materials Concrete Fencing None Lot Features Free StandingStreet Lights Number Of Parking Spaces 120 Other Structures None Parking Features Parking Lot Pool Private YN No Road Front Feet 300 Road Surface Asphalt Road Type State Road Roof Type Asbestos Shingle Stories One View Other Waterfront Features None Window Features None

Interior Features

Basement None Cooling Central Air Flooring Concrete Heating Forced AirNatural Gas Interior Features Beamed Ceilings

Property Features

Accessibility Features Accessible Approach with Ramp Also Listed For Sale No Association YN No Availability Date 2023-10-15 Business Type Retail Credit Report Required Yes Current Zoning C2 Electric 440 Volts Green Energy Efficient None Green Energy Generation None Home Warranty No Lot Size Dimensions x Other Equipment FixturesMachinery Property Attached YN No Security Features Fire Sprinkler System Tenant Pays All Utilities Type Retail Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableUnderground UtilitiesWater Available

Listing provided courtesy of Realty Gold Team: 404-915-3130.


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Data last updated 2024-03-02T00:06:28.72. For issues regarding this website, please contact BoomTown.
 
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4006 Wieuca Road
Atlanta GA, 30342