Shumacher Sells OY! Vinings

by Steven Josovitz

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The Shumacher Group, Inc. has sold OY! a critically acclaimed, very unique and popular Vikings breakfast and lunch restaurant.  The Shumacher Group, Inc.and Steve Josovitz represented Seller in transaction.

Seller Info:

OY! is located at 2355 Cumberland Parkway #80, Atlanta, GA 30339. Steps away from Home Depot World Headquarters and one exit from the Cumberland Mall, Cobb Galleria and Office Marketplace plus the amazing new Atlanta Braves Stadium.

High to Middle income, high density, high traffic location in Marlow’s Tavern anchored shopping center just off the Paces Ferry/Vinings interchange on 285.

2400/sf with additional 912/sf available for expansion in adjacent space.

Rent – $4000.00, Cam/taxes/insurance $1200.00 – Ends 9/2018 – 1 3yr Renewal Option with willing Landlord to increase Lease term.

Rent has no personal guarantee for current Tenant. PG remaining depends on the financial strength of Buyer.

Rent includes trash and garbage.

Opened 7/18/15

Gross sales 7/18/15 – 1/14/16 (first 6 months) $254,345.42
We use Square register for all transactions and can provide proof of sales and all analytics if needed.

2016 Gross Sales are running between $40,000 to $42,000 per month and breaking even after all expenses.

Incredible staff makes for a flawless transition and includes Chef $50,000, Assistant Manager, 5 cooks and Owner who works 40-hours a week.

Deliver by third party delivery accounts for about 10% of sales.

Food purchases total $3500 per week. which includes cleaning supplies.

Utilities include electric at $1200 per month and Gas at $300 per month.

Phone, cable, internet is $350 per month.

Nightly cleaning service cleans entire restaurant back and front of the house at $900 per month.

Average monthly Payroll – $17,000 – 10 employees including exec chef and manager

Hours – Monday-Friday 8-2, Saturday/Sunday 8-3

Existing turnkey operation.

1 manager. 1 Exec chef. 1 food runner. 5 cooks. 2 food prep.

Large kitchen perfect for any kind of food. We own all furniture and furnishings. Multiple tvs and 55 inch electronic menu boards.

Owners are the managers/operators but 1 manager could easily run it.

Bills – Gas, Power, Cintas, Ecolab (dishwasher), workmans comp, cgl policy, food/beverages ordered through sysco and restaurant depot, Co2, Charter cable, music service, janpro (nightly cleaning), qtrly grease trap and hood cleaning, website monthly fee, menu sign monthly fee.

Great signage

No arrears, no loans.

Rent security deposit paid $5200.00

No issues, no legal actions.

No equipment issues.

The place runs like a charm. Unusually easy restaurant to run. No servers — just food runners. self serve beverages. Pay at front and food delivered to table.

65 seats including 7 bar.

Hip, cool and retro space with poured concrete floors, high ceilings, state of the art kitchen, rear entrance for deliveries and catering, bathrooms with stonework, modern lighting,

Only salaried employee is Executive Chef at $50,000.

Tons of press (tv, radio, internet, print), tons of social media marketing, valpak, scoutmob (weekdays only) and multiple food festivals.

Super smooth and easy daytime operation at owners election. On track for 500K in first year. Could easily go nights and likely double/triple, etc.

Super easy concept that could be easily duplicated anywhere with amazing growth and franchise potential.

Adding beer and wine could add to sale along with a gluten free menu along with salads ,bagels and lox to broaden customer base.

Full training and support during transition at no cost to Buyer.

Seller will include concept, brand and all proprietary recipes in sale.

All equipment is not only debt free but in excellent condition. with only some permanent fixtures owned by Landlord.

Dishwasher, soda system, coffee and tea machines are all leased.

Space is fully up to code.

 

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