The Shumacher Group, Inc. has sold this morning Magnolia Bakery Cafe located at The Shoppes of Old Peachtree in Duluth at 1160 Old Peachtree Rd NW Duluth, GA 30097. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction.
Duluth Breakfast Lunch Cafe in business with same Owner for almost ten years. Well established and very popular. 2250/sf with seating for 50. Rental rate of $4100 includes all extras. Fully up to code and in great condition including 1500/sf grease trap. Very high visibility, high density and high traffic location. Operating hours are breakfast and lunch six days and closed on Sunday. 2012 books shows $390,000 in gross sales with absentee owner who does not run any shifts pulls out a net profit of $45,000. Sale does not include name but Owner will allow a reasonable transition period for training and the addition of a new name. Keep as is or convert to any concept space has a fully hooded kitchen. Adding dinner and or Sunday service coupled with a hands-on Owner could dramatically increase sales. Several large commercial and residential projects underway nearby will create unlimited possibilities for new business.