Steve Josovitz of Shumacher Sells Downtown Atlanta GA Park Bar in Blockbuster $2M Deal
Steve Josovitz of Shumacher Sells Downtown Atlanta GA Park Bar in Blockbuster $2M Deal. The Shumacher Group, Inc. and Steve Josovitz represented Buyer but guided all parties to a smooth transaction.
About:
Located at 150 Walton St NW, Atlanta, GA 30303.
Downtown Atlanta GA Freestanding Restaurant, Bar & Patio.
This neighborhood bar is located right off of Centennial Olympic Park Drive. Near the park, CNN, Tabernacle, Philips Arena, and the Georgia Dome.
Established 2011.
Freestanding 6150/SF.
Seating for well over 100.
Bar seating for 25,
Outdoor seating 50.
Monthly Rent is $12,000.
Real Estate Annual Taxes $22,081
Real Estate Annual Insurance $6239.
$2794 Solid waste tax bill paid annually.
10-year lease.
2024 Gross Sales: $2,836,801.62
2024 Net Profit: $803,204.
Absentee Owners do not run any shifts and or open or close.
GM salary – $75,000 + Bonus
KM – $45,000
Full Staff in Place makes for a flawless transition.
Hot Location.
60/40 Food to Alcohol Mix.
Well Established.
Keep or Convert
Clean Books.
