Steve Josovitz of The Shumacher Group, Inc. Sells The Colonnade an Atlanta GA World Famous 100-Year Old Southern Restaurant & Bar. The Shumacher Group, Inc. represented the Seller and guided both sides to a successful Closing.
About:
The Colonnade is located at 1879 Cheshire Bridge Rd. Atlanta, GA 30324
2nd Oldest Restaurant in Atlanta.
World Famous Atlanta GA Restaurant & Bar for Sale
Well Established, Iconic & Historic.
Profitable.
Absentee Out Owners.
Fully Staffed.
GM is in place.
Freestanding 9,000/SF.
Seating for almost 300.
Private Events Space.
Full Bar and Lounge.
Tons of free dedicated Parking.
The monthly rent is approximately $18,500 All-In.
Open only 24 hours a week.
Adding additional shifts will dramatically increase business.
2023 Gross Sales $2,187,512
2023 Net Profit $367,276 after all expenses and $91,000 to General Manager.
Keep or Convert.
Priced at $975,000.
About:
The Colonnade was established in 1927 in a white-columned house at the corner of Lindbergh and Piedmont where it thrived until 1962. It then moved to it’s current location on Cheshire Bridge Road.
In 1979, Paul Jones, responded to a for-sale ad for the restaurant. Jack Clark, who owned it at the time, was very particular and wanted to make sure The Colonnade went on to someone who would preserve it. He had Paul take him back to small-town Michigan, where his family originated, so he could meet everyone. Then they came back to Atlanta, and the deal was done. Paul Jones bought the restaurant when he was 29. The Colonnade is truly a family affair. Paul’s daughter Jodi grew up in the restaurant from age nine and she and husband David are now the owners and run all day-to-day operations.
