Shumacher Sells Severino’s in “Historic Downtown Duluth” to O4W Pizza

by Steven Josovitz

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The Shumacher Group, Inc. has sold Steverino’s Pizzeria located at 3117 Main St, Duluth GA 30096-3219. The Shumacher Group, Inc. represented Seller in transaction. Buyer is Jersey transplant Anthony Spina who has the famous O4W Pizza  across from Krog Street Market who will be bringing his highly popular pizza to the burbs.

Click to see Creative Loafing’s Pizza Smackdown Voting O4W Pizza #1 Pizza in Atlanta

Click here for O4W Pizza You Tube Video

Seller Info:

Severino’s is located directly across from the the world famous Eddie Owens Presents Red Clay Theatre voted ‘Best New Music Venue’ by Atlanta Magazine & ‘Best Music Venue in Gwinnett’ by Gwinnett Magazine. EOP brings countless crowds every week literally to this restaurants front door.

Steverino’s was started 40 years ago on the edge of the University of Georgia campus serving the best pizza, burgers, wings and subs around. During this time, Steverino’s has used the same recipes that our long time loyal customers have come to know and love. Our dough and toppings are prepared fresh daily, on site, using only the finest ingredients and products available.

Duluth is exploding with new Court House and residential projects including a 300-unit residential development walking distance from Steverino’s.

Duluth High School steps away adds a very large student and teacher base to dramatically increase business in addition to thousands of middle to high income residences nearby.

Click here for Duluth’s City Website to see everything happening. 

2600/sf.

Seating for 60 in main dining room.

Outdoor sidewalk patio courtyard seats 30.

Steverino’s “Backyard” rear patio seats 50 and overlooks the Duluth Town Green which has a big amphitheater hosting events, live concerts and festivals throughout the year.

Upper level private dining room seats 25.

Bar serves beer and wine but full liquor license is available.

$200,000 was spent on opening new location in April 2011 with Operating Partner who ran business.  Owner recently relocated to Canton and shifted business from a full service restaurant to counter service and is 100% absentee and doesn’t run any shifts and or open-close. Full staff of eleven is in place including an hourly manager that makes for a flawless transition. Business currently operates with a staff of five at any given time.

Kitchen is a full kitchen and can produce any volume any cuisine and includes a Bakers Pride Y602 60″ Wide Double Deck Pizza Oven in addition to storerooms, office and walk in box.

Long term lease available at a below market rate of $3500 per month triple net. Real estate taxes are approximately $4800 annually.

Keep or convert to any concept including Italian, Mexican, Upscale, Casual, American, Latin, Greek, Diner, Breakfast Lunch, Steakhouse, Tea Room, Asian, Indian, etc.

Some info on Duluth:

Duluth is a city in Gwinnett County, Georgia and developed suburb of Atlanta.

Duluth is an affluent suburb of Atlanta, close to Interstate 85. It is home to Gwinnett Place Mall,Gwinnett Civic and Cultural Center, Arena at Gwinnett Center, Hudgens Center for the Arts and Red Clay Theater. It is also home to Gwinnett Medical Center – Duluth, an 81-bed hospital constructed in 2006, as well as GMC’s Glancy Campus, a 30-bed facility located near downtown. Nearby attractions include Stone Mountain and Lake Lanier. The agricultural manufacturer AGCO is based in Duluth.

According to Forbes magazine, Duluth ranks 26th in the nation in America’s Best Places to Move.[5] It was also named the Best Affordable Suburb in Georgia by BusinessWeek magazine.[6]

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