December is a traditionally slow month for transactions but December of 2014 broke all records for website hits, buyer activity, signed confidentiality agreements and calls to our Certified Restaurant Brokers for more details on our listings. Two franchises made the top ten along with two bar or pub opportunities and two Italian restaurants. The balance of the month’s most popular restaurant for sale listings were spread between frozen yogurt shops for sale, lease spaces and other varied concepts.
The top two listings for the month went to Eric Gagnon who scored a lot of traffic on a Bar and Grill in Cobb County Georgia. This local pub was a huge hit with buyers that want to acquire the assets of a business and make it their own. The low pricing at under $50,000 for a fully equipped bar drove much of the activity on this one.
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Bar and Grill for Sale - Local Pub Ready for New Owner! It's a Steal! Lease: expires July 2016 Monthly Rent: $5570 Inside Sq. Ft. 4000 Outside Sq. Ft. |
Price:$49,000 City:Marietta |
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A three store Papa John’s deal for Florida was a big winner with buyers seeking franchise restaurants for sale and multiple units. This easy to run operation that transfers with training from the brand, well known processes and stores that have below market leases. We haven’t wrapped up an offer on this one yet but it is certainly well on the way to being sold.
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Franchise Pizza Business for Sale - 3 Papa John's Restaurants for Sale Monthly Rent: $1557 | 1250 | 1250 Inside Sq. Ft. 1800 | 1500 | 1200
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Price:$399,000 |
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The third most popular listing of the month was another franchise brand. This franchise bakery for sale turned a lot of heads with six figure earnings and a well develop client base. The price at only $265,000 was also a winner with restaurant buyers seeking a strong return on their invested dollars.
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Franchise Bakery for Sale - Atlanta Bread Company 6 Figure Earnings Lease: Valid thru Feb 1, 2023 Monthly Rent: $9572 Inside Sq. Ft. 4800 |
Price:$265,000 |
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Despite the cold outside, we still have buyers focused on frozen yogurt shops for sale like the one we featured in Atlanta. This opportunity, in the heart of Buckhead, Atlanta’s most dynamic and affluent shopping district was a hit among those seeking to get into the yogurt shop trend without starting from the ground up.
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Frozen Yogurt Shop for Sale in the Heart of Buckhead Lease: 3 years remaining Monthly Rent: $2200 Inside Sq. Ft. 660 |
Price:$69,995 City:Atlanta |
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The outskirts of the metropolitan area – Roswell, was the location of the fifth most popular restaurant for sale listing for the month. This opportunity, priced at under $99,000 for a 2400 square foot facility is still on the market but the offers are getting serious and we hope to wrap up the negotiations quickly on this one.
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Pasta and Pizza Business for sale by the Restaurant Brokers in Roswell Lease: 3 years/option for 5 Monthly Rent: $4166 including all CAMS Inside Sq. Ft. 2400 |
Price:$99,000 City:Roswell |
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A bar for sale in the Flowery Branch town nearby Metro Atlanta featuring Sports, Food and Fun made the second half of the top ten when it was released in the month of December.This location has a large bar and seats plenty of people in the more than 5850 square feet it occupies outside the Metro Atlanta marketplace.
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Bar for Sale nearby Metro Atlanta Has It All, Sports, Food, Fun! Lease: Expires 2018 Monthly Rent: $6500 Inside Sq. Ft. 5850 |
Price:$175,000 City:Flowery Branch |
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Italian wasn’t just popular in Atlanta. Certified Restaurant Broker, Ken Eisenband’s listing in David County drove strong activity as well and made its way into the top ten restaurants for sale this month. The long term lease opportunity with a five year plus five year option at good rental rates attracted those looking to enter the business.
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Italian Restaurant for Sale in Davie Can Convert to Any Concept Lease: Five years with 5 year option Monthly Rent: $6587 Inside Sq. Ft. 2516 |
Price:$165,000 City:Davie |
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OTP or Outside the Perimeter in Cumming Georgia, a Family Style restaurant for sale in Cumming generated strong activity as well and landed this business in the top ten. The small and easy to manage location is only 1400 square feet, is fully equipped with a commercial kitchen and has rent at only $1516.67 per month including all CAMS, taxes and insurance.
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Family Style Restaurant for Sale Features American Classics Lease: 3/3, started 2/1/14 Monthly Rent: $1516.67 NNN Inside Sq. Ft. 1400 |
Price:$99,000 City:Cumming |
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Owner financing is always a strong pull for buyers of restaurants looking to leverage their assets and this restaurant for sale in Boca Raton earning six figures, got some buyers engaged in the process. The high earnings combined with owner financing was an opportunity that looked great for many buyers.
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Restaurant for Sale in Boca Raton Earns 6 Figures - Owner Financing! Lease: Expires 2019 with one option period Monthly Rent: $3729.00 Inside Sq. Ft. 1065 Outside Sq. Ft. 400. |
Price:$250,000 City:Boca Raton |
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Last, but not least, on the restaurant broker’s hit parade for the month was a former restaurant for lease in downtown Atlanta with a Hood and Grease trap. This space is being offered for no key money and the landlord is ready to make a deal for the right tenant. This is a free standing building and the landlord is asking only $2300 per month for lease.
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Former restaurant for lease in Atlanta, Georgia - Hood and Grease Trap ! Lease: 5 year term plus 5 year option Monthly Rent: $2300 Inside Sq. Ft. 1100 |
Price:$0 City:Atlanta |
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The December 2014 edition of the top ten restaurants for sale topped another record year in our markets for restaurants sold. Buyer activity as measured by restaurants sold, buyer inquiries, signed confidentiality agreements and calls direct to our brokers indicate that interest is at an all-time high.
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