Shumacher Sells NOCA on Canton in Historic Roswell

by Steven Josovitz

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The Shumacher Group, Inc. has sold NOCA on 1170 Canton Street, Roswell, GA 30075 in the heart of Roswell’s Historic District and on restaurant row.The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction.

Sale of NOCA was to a repeat Shumacher Group customer whose audit team certified that all books, records and profit claims where truthful and verifiable.

Some Seller Info From Marketing Flyer:

This full service 3500/sf stand-alone restaurant is located in the heart of the Historic Roswell Downtown District on Canton Street. Visibility is incredible with a “In-Your Face” stunning outdoor patio that seats 60. Over $600,000 was spent on brand new renovation delivering a stunning and fresh modern space that seats almost 100 guests with a 40-seat bar and lounge. State of the art and spotless kitchen pumps out at full service menu with ease. Plenty of dedicated staff and guest parking makes this a great destination restaurant. Monthly gross sales are averaging in 2014 $150,000 per month with net profit at approximately $25,000 per month after paying full staff including General Manager at $62,000, Sous Chef at $38,000 and Assistant Manager at $40,000. Monthly rent is $5,250 includes all extras with its own parking.

Priced at $575,000. Please note that all prospective purchaser must execute an NDA/CA and pre-qualify prior to the release of the name and address of this business.

 

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