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Fully Operational Restaurant/Bar In Tbilisi For Sale

Georgia
Asking Price:
$680,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$100K - $250K (USD)

a boutique restaurant and bar located in a prime area of Tbilisi, offering a unique blend of Asian cuisine and mixology bar services.
The restaurant has a solid revenue model, serving over 12,000 clients.
gained recognition from both restaurateurs and patrons, establishing itself as a prominent dining destination in the country.
The establishment offers a diverse range of Asian cuisine, including Japanese, Korean, and Thai dishes, catering to a broad spectrum of tastes.
Additionally, it boasts a mixology bar with specialty cocktails and an extensive wine selection.
With a seating capacity of 150, including both indoor and outdoor areas, the restaurant can accommodate various group sizes, from intimate gatherings to larger events.
fulfills 30–50 orders per day with an average on-site order value of GEL 100 and also provides delivery services through Wolt with an average order value of GEL 70.
Products & Services Overview
Cuisines served: Asian, which includes Japanese, Korean and Thai.
Mixology bar: serving specialty cocktails and wine.
The top-selling main courses are chicken wings and pad thai.
Customers include local patrons, tourists & visitors, and business & social gatherings.
Service channels are dine-ins and home delivery through Wolt.
Assets Overview
Tangible Assets:
Professional kitchen equipment.
Bar equipment.
Custom-made furniture.
Premium lighting.
MVP systems.
Intangible Assets:
Brand reputation.
Customer base.
Recipes and menu.
Business systems and processes.
Facilities Overview
restaurant occupies a prime 400-square-meter facility under a favorable 7-year lease agreement. Our inviting space includes inside seating and a charming, secluded courtyard garden, together accommodating up to 150 guests. With two well-appointed bars, one inside and one outside, our establishment is designed for a dynamic dining experience. Additionally, we offer prime space for future business opportunities, such as a branded shop or a small café, providing excellent potential for further growth and investor returns.
Excellent venue for private parties, corporate dinners, friendly gatherings, etc.
Rent is GEL 22k per month.
Capitalization Overview
The restaurant's current funding structure comprises contributions from its four partners, each holding respective ownership shares:
Partner A with 34%, Partner B with 33%, Partner C with 20%, and Partner D with 13%.
Additionally, the business benefits from a well-structured 7-year bank loan featuring favorable terms and conditions, transferable seamlessly to potential new owner (s), or otherwise covered within the sale deal.
As of now, there are no outstanding debts or loans beyond this arrangement. It's noteworthy that all the owners of the restaurant have unanimously agreed on the potential sale of the business.

Property Information

Real Estate:

Lease

Lease Terms:

Leased until 2030 with no change to rent rate

Leasehold Rent:

$78,000 (USD) per annum

Location:

Prime location in Vera district

Premises Details:

Our restaurant leases the ground floor of a three-storey new building that houses a boutique B&B. We offer both indoor facilities and a courtyard, with a total seating capacity of 150.

Business Operation

Expansion Potential:

Additional opportunity to expand the business and revenue streams within the leased area, as well as opportunity to expand business in other big cities considering the brand value and awareness, one-of-a-kind menu concept

Reasons for selling:

Business is non-core

Trading hours:

12:00-01:00

Employees:
40
Years established:
2

Other Information

Support & training:

The business is fully operational with a well-trained staff in both the kitchen and service areas. Additionally, we are willing to accommodate time to ensure a smooth transition of management.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$180,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Distressed:
This business is a turnaround opportunity.