Shumacher Sells Broadway Cafe Operated by One Owner for 24-Years

by Steven Josovitz

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Steve Josovitz of The Shumacher  Group, Inc. just sold Broadway Cafe. The Shumacher Group, Inc and Steve Josovitz represented Seller in transaction and assisted Buyer getting to Closing.

Seller Info:

Broadway Cafe is located at Briarcliff La Vista Shopping Center, 2157 Briarcliff Rd NE, Atlanta, GA 30329

Established and operated by same Owner for 24-years.

2800/sf.

Monthly rent all in is $4330.

Six years remain on lease with an option to renew.

2015 Gross Sales $450,000 with net profit $100,000 with only being open 5 1/2 days, zero advertising,  no website, no delivery and almost no social media presence except some review sites.

2016 came in $100,000 higher then previous year at $550,000 with net profit of $100,000.

Concept is a strictly kosher vegetarian breakfast to diner restaurant serving pizza, salads, sandwiches, falafel, Israeli salads with killer bagels prepared daily by a real master bagel baker.

Fully equipped kitchen can produce any cuisine at any volume with ease and includes a large revolving baking oven used for both bagels prior to opening and pizza during service.

Exclusions to any conversion would be Thai, Sushi and Mexican. Perfect for a ton of concept especially Burgers, Italian, pizzeria,  Greek, bakery, bagels, vegetarian, juice bar, health food restaurants, Korean, BBQ to just name a few ideas or kept as is. Broadway Cafe could be expanded to be non-kosher with a seven day all day menu to include delivery to Emory University, North Druid and Toco Hills are which is not done currently.

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