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Gwinnett County, Georgia
Asking Price
$1,800,000
Revenue
$3,100,000
Down
Call/Email
Cash Flow
Call/Email
Name: Jerome Thissen
Phone: Show phone number
Name
Jerome Thissen
Phone
Show phone number
Support & Training:
Comprehensive training provided by Franchisor
Premises Details:
All signs, fixtures, and equipment included except noted leases. Equipment is in good working condition at time of changeover.
Posting ID:
7442330
Business Category:
Restaurants & Food
Business Types:
Fast Food Franchise
American Restaurant
Attributes:
Existing Franchise
Semi Absentee Run
Training And Support
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NorCal Fine Dining Restaurant With Type 47 Liquor License - Absentee Owner! - Price Reduced! - SC2225 Financial Information Asking Price: $250,000 Gross Revenue: $1,100,000 Down Payment: $250,000 This casual fine dining establishment is a Northern California Sub-Chapter S Corporation and has been in operation for the past 2 years under the founders. This “Gastrobar” has two revenue streams with lunch service and dinner service that runs until 2am in the morning with dining and a night bar setting. With an Asian focused theme, the elevate traditional flavors with modern twists, all served in a lively setting. The menus offer various specialized combination themes. Since inception, this dual revenue stream concept has had a tremendous social media presence and following. As an example, over 9,000 local followers on Instagram and over 225,000 organic views in the last 30 days. TikTok has over 238,000 total likes and multiple videos with over 1,000,000 views. Cuisines include Chinese, Japanese, Korean and Vietnamese. This business comes with a Type 47 liquor license. Business Location City: Northern California State: California Reason for Sale The Seller is selling to pursue other interests. Detailed information Year Established: 2023 Home Based: No Franchise: No Relocatable: No Lender Prequalified: No SBA Prequalified: No Full-Time Employees: 12 Part-Time Employees: 6 Contractors: N/A Owner Worked Hours/w: 5 Adjusted EBITDA: On request Inventory Included: Yes Inventory Value: $7,000 Monthly Rent: $8,000 Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 2700 FF&E Included?: Yes FF&E Value: $250,000 Training/Support The Seller is willing to provide training at 20 hours per week for 2 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner. Market Outlook/Competition Asian cuisines are gaining popularity, driven by diverse consumer preferences, cultural exchange, and the increasing presence of Asian restaurants across the US. This growth is reflected in the rising popularity of Asian casual-dining chains and the overall expansion of the Asian food industry.A sian casual-dining chains are experiencing significant sales growth, with some averaging over 24% in 2023. CA 02282967 NV B.1003039.LLC NV BUSB.0007191

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