2 Operating Restaurants & Real Estate Investment In North Georgia - Business for Sale
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Two Restaurants and Real Estate Portfolio in North Georgia
Morganton, GA, US
Added 1 month ago
Food & Beverage
6 years in business
RemoteAbsentee / Semi-Absentee
Two adjacent fully operational restaurants and five residential rental homes are offered with real estate in Morganton, North Georgia, in a tourism-driven market.
Key Information
Asking
$1.8M
Revenue
$540K
Earnings
$148K
Multiple
11.8x
Key Highlights
- Includes two operating restaurants in adjacent buildings
- Located on approximately 2.89 acres in Blue Ridge, North Georgia
- Annual residential rental income of $50,400 (pro forma $79,200 when stabilized)
- Approximately $250,000 in furniture, fixtures, and equipment included
- Property includes five residential homes (three currently leased)
- Absentee owner; fully staffed operations
- Liquor license in place
- 8,252 square feet of improvements and parking for over 100 vehicles
Contact Info
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