Shumacher Sells Gino’s NY Pizza Bar Norcross

by Steven Josovitz

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Steve Josovitz of The Shumacher Group, Inc. sold Gino’s NY Pizza Bar at 5975 Peachtree Pkwy, Norcross, GA 30092. The Shumacher Group, Inc. and Steve Josovitz represented Seller in the transaction but guided Buyer to Closing and Landlord approval. 

Seller Info:

North Atlanta Suburban Pizzeria & Casual Italian Restaurant for sale.

Well Established and Popular.

Space is 2300/sf.

Seating for 60 including all granite bar serving beer and wine plus outdoor seating for 16.

This business has amazing highway visibility in a nationally anchored center in middle to hi income, hi traffic location.

Big lunch market packs pizzeria every day for lunch.

Serves Pizza, Salads, Wings Sandwiches, Pasta, and Specials.

Long term lease at $5200 a month including all CAM, waste, and water.

Fully equipped turnkey with all ceramic floors, granite countertops, double deck ovens, fryers, walk-in cooler, walk-in freezer, POS System, etc.

Absentee Owner grossed $498,750 in 2016  and pulled out $141,985.75  after paying all expenses, $52,000 manager and staff. Books and records available to prove. 2017 is going strong with Owner who is in another business pulls out $6800 per month while not running a single shift at this business.

 

 

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