1920 Jesse Jewell PkwyGainesville, GA 30501

Property Details for 1920 Jesse Jewell Pkwy

Year built

2016

Lot size

0.97 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,059,696

  6.5%

  $1,901,258

  7%

  $1,765,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,924,545

  Geo Method

  $3,924,545

• Alternative Use

  Use

  Valuation

  Residential

  $1,603,782

  Hospitality

  $1,469,056

  Educational

  $1,222,237

  Medical

  $1,264,272

  Retail

  $1,901,258

Location Insight

City

Gainesville

County

Hall

State

Georgia

Latitude

34.3129

Longitude

-83.7954

CBSA code

23580

CBSA name

GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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