Restaurant Business for Sale
|Catylist Listing ID:
Food and Beverage
|Building Size (RSF):
|In Opportunity Zone?
|Name of Establishment:
||BiBa's Italian Restaurant in Milledgeville, Georgia
|Year Business Established:
Overview / Comments
This established Italian restaurant has been successfully operating in Milledgeville, Georgia for 4 years. It is located in the Kroger grocery store complex which is also the busiest store in the southeast. BiBa's has a community arm which caters to Georgia College and various other surrounding neighborhood events. BiBa's Italian Restaurant is the only authentic Italian restaurant in Milledgeville.
Lease term expiring April 30, 2025 with two 5-year extensions at an increase of $1
per square foot.
|Reason for Selling:
||The owner is retiring from the restaurant business.
|Value of Inventory Included ($):
|Value of Furniture, Fixtures, and Equipment ($):
|Value of Real Estate Included ($):
|Real Estate Lease Description:
||Lease term expiring April 30, 2025 with two 5-year extensions at an increase of $1 per square foot.
||The restaurant has been operating for 4 years with roughly 30 employees.
|Mgmt/Training Support Description:
||Owner will provide 3 months of consultation after closing.
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