The Shumacher Group, Inc. has just sold today two Sonic “America’s Drive In” Franchises in Woodstock and Roswell. The Shumacher Group, Inc.and Steve Josovitz represented the out of state Owners in transaction.
These units in the North Atlanta suburban feature areas that are middle to hi income, hi traffic with great visibility. Absentee Owner and Estate of deceased Partner is in Oklahoma with no ability to grow and expand thus the reason for sale. Owner currently had a GM running the Woodstock unit at a salary of $65,000 per year who also oversees the Roswell location.
Investment Highlights
- Purchasing an immediate two store base in a 50 store market.
- One seasoned manager (also has experience opening locations) oversees both Drive Ins with two assistant managers
- Development growth opportunities exist in various trade areas throughout the Atlanta DMA Franchisee owns another parcel within six miles of existing Drive-Ins that is currently listed for sale
- Tight geographic span: Drive Ins are within eight miles of each other
- Both Drive Ins were built by current franchisee between 2004 and 2006
- Experienced a 6.6% sales increase as of August TTM from FYE 2011 which comps a 5.3% sales increase in 2011 over 2010
- Top tier QSR Brand in growing market with favorable demographics
FY 2010
FY 2011
TTM August 2012
$
%
$
%
$
%
Net Sales 1,100,118
100.0%
1,157,981
100.0%
1,234,758
100.0%
COGS 333,609
30.3%
360,111
31.1%
394,234
31.9%
Gross Margin 766,509
69.7%
797,869
68.9%
840,524
68.1%
Labor 390,695
35.5%
373,271
32.2%
408,851
33.1%
Controllables 140,290
12.8%
133,107
11.5%
141,272
11.4%
Advertising 59,791
5.4%
56,162
4.8%
55,848
4.5%
Royalties 27,242
2.5%
72,778
6.3%
64,502
5.2%
Occupancy 1 88,009
8.0%
92,638
8.0%
98,781
8.0%
Other Fixed Costs 30,869
2.8%
23,087
2.0%
22,698
1.8%
Other Expenses 2 9,221
0.8%
8,034
0.7%
6,674
0.5%
Drive in Level EBITDA 20,390
1.9%
38,792
3.4%
41,899
3.4%
Footnotes: 1) For presentation purposes, Occupancy Expenses (inclusive of property tax) includes an adjustment of historical rents to 8% of sales for each period presented. 2) One time and above store expenses were deleted for each period presented.
Unit One ( Woodstock )
11960 Highway 92, Woodstock, GA 30188
- 1,437 Total Square Feet
- Single Tenant Retail
- 0.78 Acre Lot
- Zoned GC
- Excellent Demographics
- Frontage on Highway 92
- High Traffic Counts on Highway 92
[googlemap lat=”34.087489″ lng=”-84.487658″ align=”undefined” width=”660px” height=”150px” zoom=”15″ type=”G_NORMAL_MAP”]Woodstock, GA 30188[/googlemap]
Unit Two ( Roswell )
11105 Crabapple Road, Roswell, GA 30075
- 1,437 Total Square Feet
- Single Tenant Retail
- 0.8 Acre Lot
- Zoned C2
- Excellent Demographics
- 25 Feet on Crabapple Road
- High Traffic Counts on Crossville Road (Hwy 92)
[googlemap lat=”34.049981″ lng=”-84.361502″ align=”undefined” width=”660px” height=”150px” zoom=”15″ type=”G_NORMAL_MAP”]Roswell, GA 30076[/googlemap]
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