Steve Josovitz of The Shumacher Group Sells Decatur Avellino’s NY Style Pizzeria & Bar in One Day

by Steven Josovitz

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Steve Josovitz of The Shumacher Group Sells Decatur Avellino’s NY Style Pizzeria & Bar . The Shumacher Group, Inc. and Steve Josovitz represented Seller but worked directly with Buyer and Landlord to get to a smooth Closing. Buyer is Ben Horgan who was the former General Manager of Twain’s Brewpub & Billiards in Decatur and is Partner at The Comet Pub & Lanes in Decatur. Mr. Horgan plans on opening a new and exciting Detroit Style Pizzeria. The Owner of Avellino’s Luigi Rienzo closed restaurant after 14-years to focus on other Avellino’s in Brookhaven and Real Estate Investments. Avellino’s went under contract within one day of listing with dozens of back up offers and interested parties banging down our doors. Safe to say this was a “hot” listing.

Seller Info:

#4078

Closed Decatur Avellino’s NY Style Pizzeria & Bar for Lease.

Located at 902 W College Ave #3506, Decatur, GA 30030.

Same Owner since 2008.

2021 Gross Sales 637,035.33.

2021 Net Profit $186, 207.14.

Neighborhood favorite.

Seller recently closed business to focus on other business as he was spreading himself too thin.

1082/SF.

An additional 1,095/SF adjacent rear space is available to enlarge

Dedicated parking.

$3500 monthly rent all in.

Lease expires December 31, 2023, with options to renew.

Solid Landlord will lease terms if needed.

Fully Equipped Vented Kitchen.

Fully Staffed.

Semi-Equipped.

Keep As-Is or Convert to Any Concept i.e juice bar, ghost kitchen, BBQ, plant-based, Asian, taqueria, bakery, coffee, cafe, burgers, Indian, Greek, Mediterranean, Retail, Office or Professional Use.

Donuts and Mexican concepts are restricted because of Revolution Doughnuts and a Mexican-Latin concept from the Owner of El Tesoro.

The landlord will not permit any late-night clubs, loud music venues,s or hookah lounges due to the residential location.

Name, trademarks, or recipes are not included in the sale.

Click here for a 4-Star Yelp Page

Click here for a 4.5-Star Tripadvisor Page

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