Want to own a restaurant in Decatur?

If so, Carl has dug up info on at least four which are for sale for $200-300K.

http://www.atlantarex.com/restaurants-for-sale-decatur-01.htm (Badda Bing, I presume)

This one's still for sale (Little Azio?): http://www.bizbuysell.com/cgi-bin/addetail?nosearch=1&J=bbs&q=361961

The Chocolate Bar remains for sale for $215k (name included) or less without:  http://atlanta.craigslist.org/bfs/729841249.html

I've seen a listing I believe to be Birdi's which is for 3,800 SF / $250k:

"Landlord will give long term lease with favorable terms. This is a well established and very popular watering hole. Super space with hi ceilings, big bar and fully equipped kitchen. This location is located in the heart of the county seat and shares the square with tons of restaurants, bars and retail stores and galleries. Any full service upscale or casual restaurant works great here or could be kept as a bar and club or a live music venue. Priced at $250,000 OBO with Owner financing. Incredible location directly on the Decatur Square in full view of all of Downtown Decatur and Court House."

Can be accessed via http://listing.loopnet.com/15777439 but requires a paid membership, which I don't have.  It's not news that Birdi's is for sale, but I think it was mainly word of mouth in the past.  (And I'm sure Viki would still be happy for people to contact her directly)

Carl believes this one is Carpe Diem:

$274,000

"Current sales of this full service progressive cuisine restaurant are underperforming at around $62,000 per month with an Owner that does no advertising, marketing and or promoting of restaurant. Restaurant currently breaks even but could do incredible with a little bit of effort. Full staff in place including Executive and Sous Chef makes that makes for a very easy transition. Great "hands-on" Landlord will give long term lease to qualified Tenant at a negotiated Lease below market rate. Seller will also provide full training and support to new Owner at no cost.
 
This Decatur spot is well established and is really stunning. Fully built out at a cost of over $400,000.00. 5200/sf which includes as part of square footage a 50 seat private dining room. Restaurant seats 176 plus 14 seat bar, 8-seat lounge and 40 seat patio."

http://listing.loopnet.com/15746182 (again requires premium membership)

Thanks so much to Carl for sharing this info with your local bloggers.

This is probably Badda Bing, since it mentions an "expanded catering service:"

High profile Decatur location with a high traffic count, Plenty of easy parking in close by commercial and municipal lots, Fully equipped kitchen suitable for any concept. This location abuts a Marta Station.

It has a captive clientele going to and from the station; everyone who goes in or comes out of the Marta Station passes this location. This is an 1100 Sq Ft space that is adaptable to any concept. It has been a success as a full service sit-down restaurant only open for lunch.

This location and premises will support a breakfast, lunch and dinner schedule. It has been use most recently as a base for an expanded catering business. It can easily be turned into a pizzeria, a quick food outlet (Hot Dogs, Hamburgers, Fries) or a full service bistro with catering on the side.

The present owner has experienced phenomenal success even though he has not focused entirely on this location’s potential. The owner is selling in order to move into larger quarters and continue the success he has had on an expanded scale.

This is an opportunity to move into one of the best addresses in greater Atlanta. This is a dining destination for the entire metropolitan area. There are currently 23 seats in the restaurant with a capacity of 45+.

If you are ready to create a concept for a location with a huge captive clientele with a proven high disposable income, this is your chance for very low capital investment.

Georgia Bizquest

A "captive clientele" would seem to be a big plus. Most restaurants have to lure their clientele in.

Comments

[FM FatsFM Fats]

That sounds more like Panera than Little Azio.

[FM FatsFM Fats]

That sounds more like Panera than Little Azio.

[FM FatsFM Fats]

Hmm. Maybe this thunderstorm caused the double post...

[FM Fats]

And duh, I meant Atlanta Bread Company, not Panera.