415 Peachtree PkwyCumming, GA 30041

Property Details for 415 Peachtree Pkwy

Property size (Sq ft)

750 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.1525

Longitude

-84.1724

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