Newly Renovated American Eatery in Prime Waterfront Location
| Asking Price: | $2,800,000 |
| Gross Revenue: | $850,000 |
| FF&E: | $30,000 |
| Established Year: | 2020 |
| Cash Flow: | $180,000 |
| Inventory: | $10,000 |
| Real Estate: | $2,300,000 |
Turnkey Full Service Established Restaurant with Great Potential
.71 acres & 2300 sq ft. Seating 65 guests indoors and 36 outdoors. Newly renovated in 2020. Lakeview Restaurant is a beloved landmark for the residents of Waynesboro, Georgia. It is one of the oldest eating establishments in Burke County as well as the only waterfront location in Waynesboro. Originally built in the 50’s but brought into the 21st century in 2019/2020. This fully renovated restaurant has astronomical potential. This location has an amazing parking lot, roughly 17,000 sq ft, helping to make it one of the most attractive venues to dine at in Waynesboro. It is located only 1 mile off Highway 25, which is a heavily traveled road for commuters between Savannah and Augusta. Lakeview Restaurant has a very loyal customer base and has experienced continual growth for the past 4 years, since the renovations. This location has a beautiful outside patio area with newly purchased seating and lighting. All recipes will transfer with the purchase, providing a solid foundation for continued success. Additionally, the business holds licenses to sell beer and wine. Currently operating from 11AM to 9PM on Monday through Saturday, the potential for growth is limitless. Additional growth opportunities could include adding a deck to the beautiful patio area as well as a bar, the hooks are already available for such an addition. Extending the hours of operation to include Sundays to add to Cash Flow as well as seeking out catering opportunities within the community. As stated, the potential for growth is limitless. The restaurant itself is not the only investment opportunity at this location. Located adjacent to the restaurant is a potential 4 office rental property.
BUSINESS LOCATION
