Steve Josovitz & Sean McPherson of The Shumacher Group Sells Mavericks Cantina – Johns Creek GA. Steve Josovitz & Sean McPherson of The Shumacher Group, Inc. represented Seller but guided all parties to the finish line. The Closing Attorney was Stephen M. Levinson.
Info:
Mavericks Cantina is located at 11030 Medlock Bridge Road STE 160 Johns Creek, GA 30097.
Seller Info:
Alpharetta-Johns Creek GA Restaurant & Bar for Sale.
Keep or Convert.
High Traffic Location.
Middle to very high incomes.
Same Owner 10-Years.
Profitable.
Great Books.
Loyal Staff.
2-Managers make $61,100 each are willing to stay with new Owner or leave if necessary.
2800/SF.
Seats 100.
18-Seat Bar.
40-Seat Outdoor Patio.
$6600 monthly rent all in.
Several years left on Lease.
Landlord will extend with an Option to Renew.
Books and Records will be provided upon request.
From Owner:
2021 Gross Sales $1,050,232 (note: $206,000 higher than 2020 Covid year)
2021 Net Income -$4,500 (with add-backs; personal add-backs like personal car-health insurance, dining out, owner salaries including Daughter (GM), loans, etc. Does not include PPP or any Covid Assistance in sales or profit).
2022 Gross Sales $1,118,742 (7 months annualized)
2022 Net Income $109,000 (7 months annualized; including add-backs and exclusions of PPP/Covid/loans)
Mavericks
HOW DID MAVERICKS COME ABOUT, YOU ASK?
Some of you may know Mavericks as an epic, local surf spot off the stunning California coastline. Mavericks is a place of dangerous swells – the most beautiful and daunting waves imaginable. Here you’ll stumble on brave souls, paddling out into unknown territory, ready to tackle the ominous waves breaking on the shore.
So, why Mavericks?
It all started with a dash of nostalgia. Mavericks is a reminder of our youth. The days of paddling out to catch the best swell, the risk of the inevitable wipeout, the pure joy of riding a wave to its white water.
Southern California- a place brimming with energy and lively with Mexican culture. We are no strangers to shredding the waves, burning late-night beach bonfires, chowing down on fresh fish tacos, hopping the border to Mexico for a surf trip and donning the sun burnt, smiling faces that are a signature Southern California trait.
To us, Mavericks is not just a surf spot. Being a Maverick means being an independent individual. A Maverick is someone who is unique, prepared to take a risk and ready for adventure. It means being one of the few who are willing to venture into unknown waters for the exhilaration of that one wave.
We are all Mavericks, in a sense. Mavericks is the risk we took to bring our culture, food and good vibes to you.
Are you ready for the wave of a lifetime? Are you a Maverick?
Come find out with us! Raise your margarita, hang loose and stay salty, my friends!
