Shumacher Sells Alfresco in Downtown Alpharetta w/$204,000 Net Profit!

by Steven Josovitz

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The Shumacher Group, Inc. has just sold today Alfresco Italian Restaurant  located downtown of Alpharetta at 131 S Main St, Alpharetta, GA 30009. Steve Josovitz of The Shumacher Group, Inc. represented Seller in transaction. 

Some Info on Listing:

Alfresco is surrounded by thousands of middle to high income residences. Very busy lunch market adds to 24/7 market.  Super location with incredible visibility on one of highest trafficked roads in Georgia. 3200/sf with seating for 95 plus two bars and beautiful outdoor courtyard seating 32. Tons of parking.

Monthly rent is $4800 includes all extra. Approximately three years remain on current lease with two-five year options to renew. Owners invested almost $400,000 to open the doors and spared no expense on incredible built out with state of the art kitchen that produce any volume and any cuisine either upscale or casual. All equipment, furniture, fixtures were purchased brand new and is in mint condition.

Gross sales average $34,000 a month and go up to almost $40,000 with Owner pulling out approximately $17,000 per month which includes a four-person family who runs business with four servers so labor is almost nothing. Gross sales from April 23, 2012 to December 22, 2012 came in at $805,599.43.

Keep or convert to any concept except except Mexican. Current concept with Beer and Wine is super easy to run.

Priced at $239,000.

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