Shumacher Sells Central City Tavern in West Midtown Atlanta

by Steven Josovitz

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The Shumacher Group, Inc. has just sold Central City Tavern located at 1801 Howell Mill Rd #400  Atlanta, GA 30318.  The Shumacher Group, Inc. and Steve Josovitz represented Seller in this transaction.

Some Info:

Midtown  AtlantaGeorgia Tavern & Sports Bar Restaurant for sale.  This business is located in one of the hottest and emerging areas of Atlanta with super hot restaurants from casual to upscale opening everyday. This is a very hi traffic,very sought after,  middle to hi income area with super hi residential density. 3980/sf. Seating for 140 with 16 seat bar and 30 seat outdoor patio. Current rent is at $13,800 including all extras. Brand new built out only a little more then a year old. This super location is minutes to everywhere and all of Metro Atlanta.

Sales  YTD from July 2011 to June 2012 was $1,1300,00.00 with a $100K net profit after all expenses. Sales for July 2012 are $85,964.28, August 2012 $89,262.09 and Sept 2012 are $100,429.63.

 

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