Steve Josovitz of The Shumacher Group, Inc. has sold Cafe Kia-Ora located at, 759 W Peachtree St NW, Atlanta, GA 30308 in the heart of Midtown. Steve Josovitz and The Shumacher Group, Inc. represented Seller and assisted Buyer thru the process to Close.
Midtown Atlanta Five Day High Rise Sandwich Shop.
Hottest location in the “Heart” of Midtown near all business, colleges, and thousands of middle to high-income residences.
Seating for 40 plus outdoor seating.
Tons of parking.
Established almost ten years by the same Owner in one of the most recognizable buildings in Atlanta.
Monthly rent at $3500 all in.
Six years remain on primary lease with options to renew.
2016 Gross Sales came in at $350,000.
The Owner pulled out $80,000 in 2016.
2017 sales are approximate $29,000 to $30,000 per month.
Owner in 2017 is pulling out approximately $8,000 per month after paying all expenses and Staff.
Almost 80% of sales are takeout so adding deliveries would be huge.
Street entrance and visibility could easily allow new Owner to expand hours.
Keep or convert to any concept.
Priced at $225,000