1920 Jesse Jewell Pkwy Gainesville, GA 30501
- Strip malls
- 7,984 SF
- 0.97 lot acres
Current Use by Public Records
- Huddle House / Restaurant
- Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
- Sherwin-Williams Paint Store / Wallpaper Store / Painting
Property Details for 1920 Jesse Jewell Pkwy
- Year built
- 2016
- Lot size
- 0.97 lot acres
- Property size
- 7,984 SF
- Zone code
- PUD
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 09-123 -000-023
- APU
- 9123000023
Description
This established Huddle House franchise in Gainesville, GA, presents a lucrative investment opportunity. Located at 1920 Jesse Jewell Pkwy SE #6154, this 2,500 square foot end-cap restaurant boasts 100 seats and is in excellent condition. Recent renovations in 2016 and 2018, along with ongoing upgrades to furniture, china, flatware, refrigeration, and kitchen equipment, ensure a modern and efficient operation. The restaurant enjoys a long-term lease with renewal options, minimizing operational risk. Financial performance is exceptional, with gross sales exceeding $653,905 in 2022 and a net profit of $179,626. Projected 2023 gross sales are targeting $1,000,000, with anticipated higher net profits. The business is fully staffed and turnkey, offering immediate operational capabilities. In-store training is available for a smooth transition. The franchise transfer fee is $8,750, with royalties at 4.75% and advertising at 3%. Current operating hours are 6 AM to 4 PM, seven days a week, presenting significant potential for revenue growth by extending operating hours. The asking price for this thriving business is $450,000. The property is part of a national franchise with 339 units across 23 states. Monthly rent is $6,389 all-inclusive.
Value Estimations
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,235,000 Current use
- MEDICAL BUILDING
- $1,705,000 Change: +38% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,520,000 Change: +23% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,300,000 Change: +5% Conversion: Easy
- OFFICE BUILDING
- $1,140,000 Change: -8% Conversion: Moderate
- RETAIL STORES
- $1,130,000 Change: -9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.7954
- Latitude
- 34.3129
- CBSA code
- 23580
- CBSA name
- GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
