Shumacher Sells Vincent’s Italian Restaurant on Barrett Parkway w/ $500K Net – Same Owner 10 Years

by Steven Josovitz

Post image for Shumacher Sells Vincent’s Italian Restaurant on Barrett Parkway w/ $500K Net – Same Owner 10 Years

The Shumacher Group, Inc. sold earlier Vincent’s Italian Restaurant located at 3412 Ernest W Barrett Pkwy NW, Marietta, GA 30064. Steve Josovitz of The Shumacher Group, Inc. represented Seller in transaction. The Seller Rocky Varsalona has owned restaurants, bars, pizzeria’s, and clubs in Metro Atlanta for 30-years.

Some Info of Listing.

For sale is a casual Italian restaurant, bar and pizzeria. Freestanding 5,000/sf state of the art building with ample parking. Seating for over 220 plus a 15-seat bar and outdoor seating of over 22. High traffic, high density, middle to high income area with great visibility. Very large kitchen can pump out any volume. Fully equipped turnkey with kitchen that has three walk in boxes, double deck pizza oven and every piece of equipment needed to cook any cuisine. 5-terminal POS system controls all costs and sales. Owner pulled out $400,000 in 2012 after paying all expenses and full staff including two managers and kitchen team on sales of $1,800,00. Every year has seen business increases with sales for 2013 are up 12% with net profit closing in for a $500,000. Full training included in sale.Monthly rent is $7700.

Priced at $799,000.  Retiring Owner is relocating overseas and is motivated although not desperate but will review all offers.

TO VIEW PHOTO GALLERY AND MAXIMIZE SIZE CLICK ON ANY PHOTO AND USE YOUR ARROW KEY TO ADVANCE.

Previous Listing:

Newer Listing: