Historic Downtown Gainesville Restaurant & Bar for Sale

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Financial Details

Asking Price:
$495,000
Profit Metric:
Cash Flow
Location:
Gainesville, GA, US
Source:
Date:
October 08, 2025

Key Highlights

Prime location in historic downtown Gainesville, GA, with high visibility.
Fully equipped, turnkey operation featuring a stunning build-out and significant opening costs ($1.6M).
Versatile opportunity: maintain current restaurant concept or convert to retail, office, or medical space.

Description

This is a prime opportunity to acquire a freestanding restaurant and bar located in historic downtown Gainesville, Georgia. The 4,000 sq ft space boasts a stunning build-out, with opening costs reported at $1,600,000, indicating a high-quality establishment. The property is leased, with $8,500 per month in rent and 7 years remaining on the primary lease, plus two 5-year options. The business currently operates with a staff of 20, including a manager and kitchen manager, and offers ample seating with 50+ on the patio and a private room for 30. Parking is also plentiful with 57 spaces. While formal books and records are not included, sales have historically approached $2,000,000 annually. This is a well-established, open, and operating business that presents a flexible opportunity for a new owner to either continue the current restaurant concept or convert the space for retail, office, or medical use. It is conveniently located minutes from Lake Lanier.

Industry Information

Industry Description:
Restaurant & Bar
Classification:
Restaurants & Food

Operational Snapshot

Employees:
20
Reason for Selling:
Other interests

Real Estate & Lease

Status:
Leased
Monthly Rent:
$8,500 USD

Broker Contact

Name:
Steven L. Josovitz
Company:
Shumacher Restaurant Brokers

Listing Details

Listing ID:
ac51703f-55dc-45b5-8adf-d83ea9b18467
Source Listing ID:
2421809
Deal Status:
For Sale
Last Updated:
October 08, 2025
Currency:
USD

Features & Tags

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