Shumacher Sells Gino’s NY Pizza – Norcross

by Steven Josovitz

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The Shumacher Group, Inc. has sold Gino’s NY Pizza at 5975 Peachtree Pkwy, Norcross, GA 30092. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction.

Seller Info:

North Atlanta suburban pizzeria for sale.

Space is 2350/sf.

Seating for 60 including all granite bar serving beer and wine plus outdoor seating for 16.

This business has amazing highway visibility in nationally anchored center in middle to hi income, hi traffic location.

Big lunch market packs pizzeria every day for lunch.

Long term lease at $5200 a month including all CAM, waste and water.

Fully quipped turnkey with all ceramic floors, granite countertops, double deck ovens, fryers, walk in cooler, walk in freezer, POS System, etc.

Beer an Wine license intact. License runs $1800 per year.

A new “hands on” Owner could dramatically increase business by the addition of delivery service and working the local community.

Gross 2014 498,007.90 Net 2014 475,429.80. 2014 Net Profit $144,000

Owner reports that Net for 2015 is on track to come in at $163,275….

Absentee Owner pulls out above net after paying all expenses, rent and salaries to Manager/Cook $900 per week, Pizza Cook $600 a week, Pizza Cook $750 a week, Server/Assistant Manger $250 per week plus tips, Dishwasher $450 per week and second Dishwasher at $250,000 per week.

Loyal staff in place and Owner assistance will make for a flawless transition.

Priced at $325,000 with some Owner financing options.

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