SOLD 5/12/22: Closed Decatur Avellino’s NY Style Pizzeria & Bar for Lease – Partially Equipped w/Hoods – Est. 2008 – 2021 Net Profit $186, 207.14 – Perfect for Almost Any Restaurant, Bar, Retail, or Professional
SOLD 5/12/22: Closed Decatur Avellino’s NY Style Pizzeria & Bar for Lease – Partially Equipped w/Hoods – Est. 2008 – 2021 Net Profit $186, 207.14 – Perfect for Almost Any Restaurant, Bar, Retail, or Professional
Price: $110,000
Location: De Kalb
Industry: American Restaurants, Miscellaneous Restaurant and Bars
Listing ID: 4078
SOLD 5/12/22:
Closed Decatur Avellino’s NY Style Pizzeria & Bar for Lease.
Located at 902 W College Ave #3506, Decatur, GA 30030.
Same Owner since 2008.
2021 Gross Sales 637,035.33.
2021 Net Profit $186,207.14.
Neighborhood favorite.
Seller recently closed business to focus on other business as he was spreading himself too thin.
1,082/SF.
An additional 1,095/SF adjacent rear space is available to enlarge.
Dedicated parking.
$3,500 monthly rent all in.
Lease expires December 31, 2023, with options to renew.
Solid Landlord will lease terms if needed.
Fully Equipped Vented Kitchen.
Fully Staffed.
Semi-Equipped.
Keep As-Is or Convert to Any Concept i.e juice bar, ghost kitchen, BBQ, plant-based, Asian, taqueria, bakery, coffee, cafe, burgers, Indian, Greek, Mediterranean, Retail, Office or Professional Use.
Donuts and Mexican concepts are restricted because of Revolution Doughnuts and a Mexican-Latin concept from the Owner of El Tesoro.
The landlord will not permit any late-night clubs, loud music venues,s or hookah lounges due to the residential location.
Name, trademarks, or recipes are not included in the sale.
Priced at $100,000 to acquire lease and assets. Seller will consider all reasonable offers.
Gross Revenue: N/A
Cash flow: N/A
Reason For Sale:
Other business interests.
Training & Support:
Ask broker.
Year Established: 2008
Days & Hours of Operation: Closed
Owner Hours Per Week: Closed
Monthly Rent: 3500
Type of Location: Located at 902 W College Ave #3506, Decatur, GA 30030.
Square Footage: 1082
Facilities Information:
1,082/SF.
An additional 1,095/SF adjacent rear space is available to enlarge.
Dedicated parking.
$3,500 monthly rent all in.
Lease expires December 31, 2023, with options to renew.
Solid Landlord will lease terms if needed.
Fully Equipped Vented Kitchen.
Fully Staffed.
Semi-Equipped.
Priced at $100,000 to acquire lease and assets. Seller will consider all reasonable offers.
Name, trademarks, or recipes are not included in the sale.
Competition:
Ask broker.
Potential Growth:
Keep As-Is or Convert to Any Concept i.e juice bar, ghost kitchen, BBQ, plant-based, Asian, taqueria, bakery, coffee, cafe, burgers, Indian, Greek, Mediterranean, Retail, Office or Professional Use.
Donuts and Mexican concepts are restricted because of Revolution Doughnuts and a Mexican-Latin concept from the Owner of El Tesoro.
The landlord will not permit any late-night clubs, loud music venues,s or hookah lounges due to the residential location.
Name, trademarks, or recipes are not included in the sale.