Steve Josovitz of The Shumacher Group Sells Mohave Atlanta GA Freestanding Restaurant & Bar in Blockbuster Sale
Steve Josovitz of The Shumacher Group, Inc. Sells Mohave Atlanta GA Freestanding Restaurant & Bar. The Shumacher Group, Inc. and Steve Josovitz represented Seller in this and multiple successful transactions since 2009. Steve Josovitz assisted everyone including Buyer Rainer Shaw to a smooth close.
About:
Located at 6450 Powers Ferry Rd NW, Sandy Springs, GA 30339.
Steps away from Rays on the River.
Metro Atlanta GA Freestanding Restaurant & Bar w/Large Outdoor Patio for Sale.
Solid Books & Tax Returns.
Semi-Absentee Owner runs zero shifts. .
Turnkey
Keep or Convert.
6,000/SF Approximately.
Freestanding on 3-acres.
Seating for over 100.
Outdoor covered patio seats 100.
Full Bar.
Sales have reached $7,421,048.
2022 Gross Sales $6,737,917.91.
2022 Net $1,282,562.85
2023 Sales & Profit on track for another killer year.
$20,000 monthly rent all in.
Extra rent is 8% over $3,000,000.
Term remains on lease with two-five year options to renew.
Full Staff of 75.
General Manager at $90,000.
Assistant Manager at $78,000.
2-PM Managers at $52,000 each.
Event Manager at $65,000.
Kitchen Manager at $125,000.
3-years of Federal Tax returns available.
Well Established.
Priced at $1,50,000 with some Owner financing options.
