Advice for Buying a Restaurant and Selling a Restaurant

We Sell Restaurants Sells Highland Grill in Marietta Georgia

Posted by Robin Gagnon on Jun 3, 2016 8:54:27 AM

We Sell Restaurants announces the sale of Highlands Sports Bar and Grill in East Cobb (Marietta Georgia).  Restaurant Broker Eric Gagnon was the listing and selling broker on the transaction. 

50896-Highland_Inside_4.jpgHighlands Sports Bar and Grill has been described as a place where you take over the "local" scene.  The cozy location is a well-known little pub where the bartenders and owners know everyone's name. It’s now under new ownership due to the marketing and sales efforts of We Sell Restaurants.  

The seller was Sure Shotz Entertainment Inc. owned by Russell Zimmerman, a multi-unit bar owner.  The buyers, Raed Hamed is poised to expand his stores with even more units in the future.  

Restaurant Broker Eric Gagnon said of the sale, “We had 137 signed Confidentiality Agreements and put this deal in contract within literally 45 days on the market.  Getting it to closing in 84 days is very fast in today’s environment where landlords and deal flow in general seem to be taking longer and longer.” 

This great local Grill and Bar for Sale was listed and sold by the restaurant brokers in just 84 days, a very quick transaction in the industry.  Highlands is a great fit for the buyer since not only do they serve a great menu and plenty of drinks at the bar.  They also have a great stage for live music which patrons are currently enjoying several nights per week as well as poker, trivia, and video games

The location has an open floor layout with approximately 4,000 square feet in desirable East Cobb.  The pub is part of a shopping center with ample parking for the crowds that gather for happy hour or to watch the games on over 20 HD TV’s. 

The buyer, Raed Hamed will use the very large commercial kitchen to accommodate all the current needs as well as any future ideas for menu changes including catering or a larger menu.  The well-equipped location included a walk in cooler, walk in freezer, hood, fryers, oven, flat top and much more.

The bar is located in East Cobb, an unincorporated community in Cobb County Georgia.  This affluent northern suburb of Atlanta is home to some of the state’s best schools, high income households and lots of families.

Topics: Buying a Restaurant, Selling a Restaurant