Steve Josovitz of The Shumacher Group, Inc. sold Gigi’s Cupcakes Sandy Springs today. Steve Josovitz represented Seller in sale.
Gigi’s Cupcakes is located 1140 Hammond Dr, suite 125, Sandy Springs, GA 30328. Incredible high traffic, high density, middle to high income residential area across from the King & Queen Office Towers and steps away from the Perimeter Mall and minutes to Buckhead, Brookhaven, Dunwoody and all of Metro Atlanta.
Space is 1700/sf with seating for 14.
Brand new five year lease with five year option starts at $30.00/sf NNN with CAM at approximately $720 per month.
Rate/ Monthly Annual
Period PSF Base Rent Base Rent
5/1/15 – 4/30/16 $30.00 $4,375.00 $52,500.00
5/1/16 – 4/30/17 $30.60 $4,462.50 $53,550.00
5/1/17 – 4/30/18 $31.21 $4,551.46 $54,617.50
5/1/18 – 4/30/19 $31.83 $4,641.88 $55,702.50
5/1/19 – 4/30/20 $32.47 $4,735.21 $56,822.50
Rate/ Monthly Annual Option Period
Period PSF Base Rent Base Rent
5/1/20 – 4/30/21 $33.12 $4,830.00 $57,960.00
5/1/21 – 4/30/22 $33.78 $4,926.25 $59,115.00
5/1/22 – 4/30/23 $34.46 $5,025.42 $60,305.00
5/1/23 – 4/30/24 $35.15 $5,126.04 $61,512.50
5/1/24 – 4/30/25 $35.85 $5,228.13 $62,737.50
Opened April 13th 2010 at an opening cost of almost $200,000.
Gross sales for 2013 came in at $300,000 with absentee owner who runs zero shifts pulling out $50,000 after all expenses and staff. 2014 tracked the same as previous year. A “hands-on” Owner could dramatically increase sales and profit by working the local community and adding catering plus corporate delivery which is an area not being developed currently.
Amazing and loyal staff makes for a very easy transition with no hiccups. Staff is made up of five employees who all bakes and share responsibilities. Super easy business to run with no skilled bakers required.
Priced at $115,000.
Gigi’s Cupcakes of Sandy Springs, Georgia is located on the edge of Sandy Springs and Dunwoody, Georgia outside of Atlanta on Hammond Drive. We are, in Atlanta lingo, OTP – Outside the Perimeter (285) – north of the St. Joseph’s and Northside hospitals complex.
Tobi and Gil Lyons are the owners of this first store in the Atlanta market.
Tobi has a background in promotions and working with some of the more popular radio stations here in Atlanta (Power 99/ 99X, KICKS and Y106). She is now in the event and party planning business while helping run the Gigi’s Sandy Springs store.
Gil has a background in the restaurant business. He spent twenty years in the food business, mostly in casual full service dining before hitting the business sales track and working for IBM the past ten years. The food business kept pulling him back in some capacity till he happened to be in Nashville visiting his family and happened upon the Gigi’s kiosk in Cool Springs Mall and the ball started to roll to go back.
Gigi’s Sandy Springs opened April 13th 2010 and cupcakes of love have been quickly infiltrating the metropolis of Atlanta.
We look forward to serving your cupcake needs!
(This is an Open and Operating Business. Please do not make any attempt to contact Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)
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