Shumacher Sells CIBO – Toco Hills

by Steven Josovitz

Post image for Shumacher Sells CIBO – Toco Hills

The Shumacher Group, Inc. has sold OSTERIA CIBO RUSTICO  located at 2945 N Druid Hills Rd. Atlanta, GA 30329. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction. The Buyer was Ricky Wallia of Cafe Bombay who will transform this space  into an Indian restaurant  and bar specializing in modern Indian street food and tapas. Ricky Wallia and his Family operates Cafe Bombay in business for 25-years and is rated as Atlanta #1 Indian Restaurant along with ricky spearheading one of the countries largest catering companies that have catered event on both coasts and overseas including Puerto Rico and most recently a large event at Graceland.

Some information from Marketing Flyer:

OSTERIA CIBO RUSTICO is located in the famous Toco Hills Shopping Center anchored by Publix and tons of national retail and restaurant chains. Super high traffic, high density location with thousands of middle to high income residences in the heart of Atlanta mines to everywhere especially to Emory University and the CDC. Current restaurant Tenants include Chipotle, Top Spice, La Perrilla, Goldberg’s Bagel, Menchie’s Frozen Yogurt, Uncle Maddio’s Pizza, Jimmy Johns Subs. The previous use was Italian but this would be perfect for BBQ, Burgers, Chicken, Vegetarian, Kosher, Indian, Bistro and or a ton of other concepts.

Space is 2482/sf with seating for almost 100 and bar that is fully equipped and turnkey with only cosmetic work needed to individual taste.  Outdoor patio can seats 28 but can seat 40. Owners opened in October 2011 spending $400,000 as a Mirko Franchise. In November 2013 almost $200,000 was spent on a complete renovation to OSTERIA CIBO RUSTICO but closed due to Partner split October 15, 2014. No expense was spared to create a stunning designed restaurant with a state of the art open kitchen that can produce any cuisine with ease.

 

Previous Listing:

Newer Listing: