2201 Savoy DrChamblee, GA 30341

Property Details for 2201 Savoy Dr

Year built

1969

Construction

WOOD FRAME

Lot size

0.28 AC

Property size (Sq ft)

2,182 SF

Zone code

X

Property type

Retail properties

Property subtype

Turn key restaurants

APN

18 343 13 003

APU

1834313003

Description

This thriving Thai restaurant, Wild Ginger Thai Cuisine, presents a unique investment opportunity in the bustling Chamblee, GA area. Located at 2201 Savoy Dr, this freestanding, 2,200 square foot establishment boasts prime visibility on Hwy-285, just minutes from major thoroughfares like Dunwoody and Spaghetti Junction, and close proximity to Perimeter Mall, Buckhead, and Sandy Springs. Built in 2006, the restaurant features a 50-seat dining room and a 4-seat bar, along with dedicated pylon signage ensuring high visibility. The business has been under the same ownership since its inception, demonstrating consistent success and operational stability. Financial records indicate 2023 gross sales of $450,000 and a net profit of $150,000 (including owner salaries and add-backs). Projections for 2024 mirror the previous year's performance. The sale includes a fully staffed operation with owner support and training provided for a smooth transition. The asking price is $300,000, with owner financing available. This property offers a compelling opportunity to acquire a well-established business with significant growth potential in a high-traffic location. The restaurant's menu specializes in Thai classics, curries, and other Pan-Asian fare, catering to both dine-in and delivery customers.

• CAP approach

  CAP return

  Valuation

  6%

  $833,845

  6.5%

  $769,703

  7%

  $714,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,413

  Geo Method

  $337,507

• Alternative Use

  Use

  Valuation

  Residential

  $649,273

  Hospitality

  $594,731

  Educational

  $494,809

  Medical

  $511,826

  Retail

  $769,703

Location Insight

City

Atlanta

County

Dekalb

State

Georgia

Latitude

33.9194

Longitude

-84.2983

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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