Shumacher Sells American Roadhouse North Highland Avenue

by Steven Josovitz

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The Shumacher Group, Inc. just sold the American Roadhouse in Virginia Highland. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction. The sale of this iconic business included the concessions business at several Intown and Buckhead ballparks.

Seller Testimonial:

Steve,
A note to thank you for the great work you did with the sale of American Roadhouse.   I appreciate your expertise and tenacity in representing my best interests.  You navigated the market well and brought us to a closing through some turbulent waters.   No doubt that without your experience —  we would not be celebrating the sale.
Please feel free to us me as a reference should any of your potential clients have any questions.  I will be happy to vouch for your any day!!!!   I will certainly use you for my next deal.
Best wishes for your continued success
Emile Blau
Proprietor
American Roadhouse

Seller Info:

American Roadhouse is located at  842 North Highland Avenue Northeast, Atlanta, GA 30306.

Hottest In-Town Atlanta location with incredible in-your face visibility in middle to very high income residential area surrounded by incredible business marketplace making this a 24/7 location.

Established 1989.

Full liquor license in place.

2014 Gross Sales of $1,692,546.79 with Owner net of $153,628.46 after all expenses with catering component that accounts for about $30,000 in net.

Owner runs operation with 10-F/T and 15 P/T staff members who are all hourly.

Adding dinner would dramatically increase with a fresh new marketing campaign to boost sales.

Keep as is or convert to any concept.

3500/sf.

90-parking spaces.

Seats almost 150 with patio that seats 30.

Long term lease expires in 2022 with two-five year options to renew.

Below market rent at $9,004.59 ($30.93/sf) per month plus Cam, Taxes and Insurance:

Common Area Charges $6.31/sf

Taxes $2.24/sf

Insurance $0.21/sf

Total $8.76/sf

The common area charges include a 10% cap per the lease.

The $8.76/sf total expenses are equivalent to approximately $2,550 per month based on a 3,494 sf premises.

Seller owns everything lien free except dishwasher and ice machine.

Sales includes extensive training and support.

Priced at $225,000 with some Owner financing. Sale includes a 2008 Catering Van w/48,000 miles, 8-Ft Grill, 2-Portable Fryers, 12-Hot Boxes and tons of additional equipment.

 

 

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