Current Use by Public Records
- A Nose For Clothes / Clothing & Fashion Store
- C2 Education of Cumming / Tutoring Service
- Calabash Investigative Consultants, LLC / Law Firm / Security Service
- Rosati's Pizza and Sports Pub / Restaurant
- FedEx Authorized ShipCenter / Shipping Company / Freight Service
Property Details for 415 Peachtree Pkwy
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This established Shuckin' Shack Oyster Bar franchise in Cumming, Georgia, presents a lucrative investment opportunity. Located in The Shoppes at Brannon Crossing, this thriving restaurant boasts 750-3,000 square feet of space, seating for 60 inside, 13 bar seats, and an outdoor patio accommodating 45. The property features a 5-year lease with a 10-year renewal option, and an all-inclusive monthly rent of $7,000. Financial records show impressive performance: $1,100,000 in gross sales and approximately $100,000 net profit in 2023, with a projected 25% sales increase in 2024. The business includes a strong, experienced staff of approximately 20 employees, including a manager, ensuring a smooth transition for the new owner. Opened in June 2019, the owner invested approximately $600,000 in initial setup. The franchise includes a 5% royalty fee and a $5,000 transfer fee. The asking price is $499,000, with owner financing options available. This is a turnkey operation situated in a strong office market with over 156,700 people within a 5-mile radius. This offering is for the acquisition of the existing franchise and cannot be converted to a different concept. The property is fully equipped and ready for immediate operation.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumming
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.1724
- Latitude
- 34.1525
