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 4 months ago
Restaurants & Real Estate Investment
6 years in business
Absentee / Semi-Absentee
The business consists of two fully operational restaurants and five residential rental units located on 2.89 acres in Morganton, North Georgia, with included real estate and income from both restaurant and residential leases.
Key Information
Asking
$1.8M
Revenue
$540K
Earnings
$148K
Multiple
11.8x
Key Highlights
- Includes two operating restaurants and five residential homes on approximately 2.89 acres in Blue Ridge, North Georgia
- Residential rental income is $50,400 annually from three leased units, with pro forma rental income projected at $79,200 when all five units are stabilized
- Approximately $250,000 in furniture, fixtures, and equipment is included
- Property has approximately 8,252 square feet of improvements and parking for over 100 vehicles
- Liquor license is in place
- Both restaurants are fully staffed and absentee-owned
- Business has been established for 6 years
Contact Info
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