#4047 (This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, and or Ownership. Documentation and Inspections will be provided upon request) Paces & Vine Restaurant for Sale. Located at 4300 Paces Ferry Rd SE #250, Atlanta, GA 30339. Shopping Center Website The team behind this restaurant introduces its signature contemporary American comfort food to Vinings! Offering artful yet approachable fare with simple presentation and careful preparation, Paces & Vine offers signature ‘contemporary American comfort food’; staying committed to dining and living locally. Expect fun, adventurous fare with a fresh, seasonal menu. Paces & Vine offers weekday lunch, weekend brunch, and nightly dinner service. Fully Equipped, Fully Staffed, Open, Turnkey or Convert Sales have reached $3.2M Lease Term remaining: 25 months. Options: two 5 year options – options for negotiating extensions, additional patio until the end of 2022 due to COVID (potential negotiate into a permanent lease with no additional rent) Base Rent : $16299.45 Cam and other pass-through expenses : CAM $1481 TAX $1230 INS $182 WATER $560 % Rent if any: 5.5% over a natural breakpoint Sq. footage of premises: 4841 square feet Fire Marshal occupancy number: 256 The number of seats in Dining Room: 94 approx. seats Bar: 14 seats and is approximately 45-ft. Additional 30-seats in the private dining room. Main patio seats 60 seats with a fireplace. $1.2M Opening Cost. Established 2013. Full back and front-of-house Staff make for a flawless transition. Plenty of parking. Priced at $395,000. ( Sale does not include name and business )
Country: | USA |
State or Province: | GA |
City: | Atlanta |
Location Zip or Postal Code: | 30339 |
Service Type: | Sit-Down Table Service |
Title of Listing: | Vinings GA Restaurant & Bar for Sale – Fully Staffed – NEW BELOW MARKET PRICE |
Year Established: | 2013 |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 4,841, Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Hours of Operation: | HOURS Mon-Thu 11am-10pm Fri 11am-11pm Sat 9am-11pm Sun 9am-10pm |
Asking Price: | $395,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
Total Monthly Rent: | $16299.45 |