Steve Josovitz of The Shumacher Group, Inc. has leased Cru located at 620 Glen Iris Dr NE #101, Atlanta, Georgia 30308. The Shumacher Group, Inc. and Steve Josovitz represented Landlord in Lease Purchase transaction. Grace Lee who is current Operator is a well known industry Professional is highly profitable with an amazing following but chose not to renew lease to pursue other interests. Lease was executed ten days from time of Listing.
Cru is a full service upscale restaurant, bar ultra lounge in the heat of Midtown Atlanta at the Ponce Springs Lofts accessible to all of Metro Atlanta.
This is an incredible location in a stunning Condo and retail development at the corner of North Avenue steps away from Home Depot, Whole Foods and adjacent to Ponce City Market that has blown up and transformed this area.
Approximately 1500/sf with seating for 45 plus 10-seat bar and outdoor patio for socializing.
Ventless kitchen equipment pumps out small plates and full entrée’s.
Opened and operated absentee by same Owner since 2006 from California who leased it to current Operator September 2103.
Owner initially invested almost $500,000 to open the doors. Fully equipped venue includes Hot Sauce POS System with three terminals.
Lease with no key required is $6,000 per month which includes real estate taxes and condo fees. Real Estate and all Assets including furniture, fixtures and equipment belonging to Landlord is priced at $800,000.
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