Shumacher Sells “Diesel” Historic Downtown Roswell in 16-Days!

by Steven Josovitz

Post image for Shumacher Sells “Diesel” Historic Downtown Roswell in 16-Days!

Steve Josovitz of The Shumacher Group, Inc. has sold Diesel Pizza and Pub in 16-days from going under contract with Buyer or exactly three weeks from Listing date. The Shumacher Group, Inc. and Steve Josovitz represented Seller but assisted Buyer in getting to Closing effortlessly.

Seller Info:

NAME/CONCEPT:

Diesel Pizza and Pub is the home of a traditional New York/New Jersey family, serving pizza, paninis, subs, salads, and appetizers in a family-friendly environment, with free Wi-fi. Keep as is or convert.

ADDRESS/AREA INFO: 

994 Alpharetta St, Roswell, GA 30075   This is one of the hottest dining destinations in GA and the hardest to find space with a zero restaurant vacancy rate. Diesel Pizza is located in the heart of Historic Roswell, Georgia on the corner of Alpharetta Street and Roswell Street (next to the fire station).

SIZE/TYPE: 1750/sf. Freestanding building in converted vintage gas station with the largest patio in downtown Roswell. Seating for 60-guests with 14-seat bar and 70-seat outdoor patio.  Full kitchen can produce any cuisine. POS system included is Hot Sauce with three terminals. 11-arking spaces come with building plus street parking and public parking one block away.

RENTAL RATE/TERMS/OPTIONS: 

Current Lease rate is $4320 per month all in.

Months 97-108 – $4320

Months 109-120 – $4320

2nd Renewal Term

Months 121 – 132 – $4836

Months 133 – 144 – $4836

Months 145 – 156 – $5126

Months 157 – 168 – $5126

Months 169-180 – $5280

No CAM

Taxes are billed back by LL in Dec.

Insurance Type Coverage ($) Yearly Premium ($)
General Liability 2,000,000 6442.00
Property 500,000 included in GL policy
Workers Compensation 134,872 1434.00
Liquor Liability 2,000,000 included in GL policy

OPERATING HISTORY:

2008.

VOLUME/NET Profit: 

2015 Gross Sales $848,806 with a $156,998 net profit after paying all expenses.

2016 Gross Sales $765,570 with a net profit to absentee Owner of $158,782.

2017 numbers are almost the same as previous year.

HOURS OF OPERATION: 

11:30am-10pm seven days.

SELLING PRICE/TERMS: 

$350,000.

SELLER COMMENTS: 

Great opportunity in Historic Roswell! Step right in and take over!

Great opportunity in Historic Roswell! Open & operating with great traffic, fully equipped, inventory and FF&E included- step right in and take over. Casual dining pizza concept with full bar. Open air feeling when the garage doors are open to the largest patio in downtown Roswell. Standout location gets lots of traffic. This is a family (and pet) friendly operation, established 7 years with an excellent following along with new faces everyday. Sales have exceeded $1 million but have dropped off a little bit with owners becoming less involved in the daily operation.
Can easily increase sales with delivery and catering. Expand on our existing niche of hosted events/parties such as rehearsal dinners, corporate dinners, graduations and other large parties; just need a sales person. Expand on our current events such as Live Music, World Cup and Dinner with Santa; just needs marketing.

Previous Listing:

Newer Listing: