This turnkey location was recently converted to a restaurant, for which the owner spent over $600K on build-out. All kitchen equipment was purchased two years ago.
The owner is an absentee owner/operator and has decided to sell the business/assets to focus more time and energy on a new business opportunity outside the country. This location has excellent potential for a new owner who can focus on building catering and off-site sales, as well as on-site private and semi-private events, especially in the attractive patio area.
The current rent for the store is $4,515 per month base rent, including property operating expenses. The space is 2,676 SF with a very nice, large outdoor patio. The current lease term goes through 6.30.2026 and has a single 5-year renewal option. The landlord is the Board of Regents for the University System of GA. Alcohol sales are not currently permitted on the property.
Broker can assist with a new lease, a lease extension, or an amendment as part of the transaction, as needed.