Steve Josovitz of The Shumacher Group Sells Historic Marietta Square Restaurant & Bar. The Shumacher Group, Inc and Steve Josovitz represented Seller for a fourth time. This successful Closing marked a repeat transaction with Buyer as well.
INFO FROM SELLER:
Location, Location, Location! Top 3 Best Location in all of Ga. Historic Marietta Square ….. Don’t Need To Say Much, Have To See For Yourself…..
Bar/Restaurant for Sale–*Very Special Space*-Fully Equipped–Brand New Everything- Great Lease – Owner Financing
Place is Special to say the least…. Over $500,000 spent with acquiring space from past owner, and buildout, design, furnishings…… Pictures will be furnished by owner once approved with NDA
All you need is your staff!! Which is another great point about this place you don’t need many !
2700 Sq ft. 5 yr Lease w/ 4 years remaining with a 10 yr option then as long as good standing it becomes forever lease! Never exceeding $3,000 / Month Current rent is $2500.00 all in Everything
In years ¾ $2750.00 All-In Year 5 $3,000 All-In never exceeding that …..
Exquisitely Decorated by Award-Winning Designer, Every Detail has been addressed. This is a 30 year operator extremely knowledgeable Investor. Seating for over 85 between inside and out… all equipment is owned and Lien Free and mostly Brand-New w/ warranty!! 2 Brand New Dishwashers Lease $100.00 per month each, and a Brand New Ice Machine w/ Cleaning and all service and parts included for lifetime $150 per month. Opened for one week (1) with documented sales of over $60k
*Option for Valet parking was Planned and Approved :ONLY VALET ON SQ ! THIS HAS HUGE POTENTIAL
Liquor License can be arranged for a Management Deal to work under until next fiscal year. Also license comes with ability to sell retail
Marietta Sq Has passed Open Container which is a huge revenue stream. Which means they can walk around with bought alcoholic drinks from the Merchants YOU …(Cannot Bring Own)
16-20 seat capacity Bar (Largest on The Sq.) Complete Set up to the Nines !
Glassware spend was over $12k, TV’s (top of the line) (Most on the Sq)
All New Equipment, Coolers, Freezers, Bar Sinks, Drain Boards, Ice Wells
Custom Made Booth/ Bench Seating, with All New Custom Made Tables And seating for the space.
State of the Art Computer System (POS) PAID over $18k (No Lease) hardly any Fees! Spot-On System 4 Terminals, Coffee and Tea Machines Owned…Water Filtration System for House Filtered Water
Company Office Fully Equipped, Printer, Computer, Security Cameras System, Hi-Speed Fiber
Bathrooms, Fully Tiled all new fixtures
A/C/Heat is New and 2 Units at 8 tons per.
Brand New Fire Ansul System and Extinguishers (over $17K)
Walk-In New 8×7, All Shelving, Liquor Cabinet, $6,000 Prep Table (must See)
Beer/Wine Fridge, Slicer, Tables S/S (6-8), One Door Freezer, Double Convection Ovens, 6 Burner Hi-Output Sautee Flame w/ 36’ Palancha Grill w/ Double ovens, Salamander, 2 80lb Fryers, 3 Cold Units For Line over 8 doors w/ 4 drawers, Expediter Line, Service Area, Plates, Platters, Bowels are all New and designer, European Custom Silverware, and other smallwares, Sautee pans are New and pots and pans all new.
Very reasonable Power and Water & All Utilities
All in Rent, Power&Water, Gas, Trash (Picked up everyday!) $3200-$3700 !
Cable/Internet/Phone $380-$425 Just added the Bally Sports Channel for Braves and Hawks Games.