Shumacher Sells Genco Import Co – A Downtown Athens Bar Steps from UGA Campus

by Steven Josovitz

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Steve Josovitz of The Shumacher Group, Inc. just sold today the Genco Import Co at 246 E Clayton St, Athens, GA. Steve Josovitz and The Shumacher Group, Inc. represented Seller in sale.

Seller Info:

This Bar is located just steps away from the University of George Main Campus in the heart of  Downtown Athens.

This iconic bar is one of the oldest around and super popular.

Space is 2200/sf and can accommodate over 150.

Long term lease at $4,200 per month. Taxes are really low at only $2,000 per year.

Absentee Owner whose other non-hospilitatlity business is out of state does not operate business but pulls out $55,000 per year on gross sales of $350,000 on booze alone. Football season alone brings in $10,000 per weekend.

Bar is only open in the evening and six days a week so sales could easily increased with expanded hours. No food is served at this location as there is no kitchen.

Business is easy to run.

Staff  of twelve is composed of  bartenders, bar backs and door people.

Two large bars including one seating 25, nice buildout, tons of HD TV’s, outside patio, upgraded sound system, private events space, wifi are just some of the highlights of this incredible turnkey business.

Priced at $125,000 with generous Owner financing options!

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