
The Shumacher Group, Inc. has sold the two-unit GiGi’s Cupcakes Franchise in Athens, GA. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction.
Seller Info:
This is an incredible opportunity to buy into one of the easiest and hottest franchises anywhere. Both units are up and running and in mint condition and both in super Athens GA locations. Owner is almost 100% absentee and on the road most of the week thus very motivated to sell. Owners spent $500,000 to open both units and sparred no expense on buildout creating two stunning retail cupcake businesses in the hottest and desirable locations in Athens.
Unit One:
GiGi’s Cupcakes 296 West Broad Street, Athens, GA 30601
1381/sf
Five year lease is kicking in at $2300 all in with five year option being added to lease terms.
$275,000 to open doors.
Established March 2011
Unit Two:
GiGi’s Cupcakes 1791 Ocone Connector, Athens, GA 30606 in the hot new Epps Bridge Centre anchored by the newest national brand anchors and a 16-plex cinema.
1200/sf
Four year lease with five year option to renew at $3300 all in.
$200,000 to open doors.
Established February 2014
In 2014 both units combined did approximately $40,000 per month with an almost absentee Owner netting $129,462.96 after paying all expenses. 2015 is still profitable but sales are down per month for Downtown unit. Epps Bridge has not fluctuated in sales or profit.
Operated by 5-P/T and 2 F/T staff member who are loyal and well versed on procedures and operation making transition flawless.
Athens GiGi’s Cupcake Facebook Page
Athens Cupcake Broad Street Info
GiGi’s Cupcake Epps Bridge Centre Info
Some Owner Comments:
$2,230.52 |
lease signe Dec 2010 for a 5 year renewable for 1 more 5 year term
$3,220.52 |
Lease Year Foot Annual Minimum Rent Monthly Minimum Rent
Option Years Per Square Foot Annual Minimum Rent Monthly Minimum Rent
1 6 – 10 $30.80 $36,960.00 $3,080.00
2 11 – 15 $33.88 $40,656.00 $3,388.00
(These are Open and Operating Businesses. Please do not make any attempt to contact Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)
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