Shumacher Sells Monkey Joe’s Town Center

by Steven Josovitz

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The Shumacher Group, Inc. has just sold the Monkey Joe’s located at 50 Ernest W. Barrett Pkwy #111, Marietta, GA 30066. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction.

Incredible Town Center Mall area location surrounded by tons of restaurants, retail and thousands of middle to high income residences just off of Interstate 75. 16,000/sf. Under market rental rate of approximately $9,000 ( $6500 Base Rent ) which include all extras. Approximately two years left on lease with options to renew. Established in February 2007. Sales for 2012 came in at $527,000 with Owners pulling out $159,734. This business has done up to $980,000 in previous years but Owner opened other business and paid spent less time growing this business so there is obviously tons of potential. Business is super easy to operate with full training and support by Franchisor and current business Owner. Business operated currently by one Spouse and 12-P/T staff members. Great books and records along with very open Owners will make due diligence a breeze.

 

 

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