Historical Retail Sale Listing - #958 WineStyles Wine & Gift Store

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#958 WineStyles Wine & Gift Store

3752 Cascade Road, Atlanta, GA 30331

N/A

2,024 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
2,024 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Retail (Other)
Property Use Type:
Business For Sale
Commission Split:
5%
Tenancy:
Multiple
Listing ID
17021728
Last Updated
over 1 year ago

Description

Hi traffic, hi visibility, middle to hi income location in the Historic Cascade Corridor in SW Atlanta. This is an incredible turnkey opportunity at a fraction of the original start up cost. A hands-on owner operator can take this to the next level. Area Info: Located on Cascade Road, outside of the perimeter, this store in the heart of one of the most affluent minority populations in the United States. Easy access from the interstate with an abundance of parking. Only perceived competition is a chain grocer for wine retail sales.

Rental rate/Terms/Options: Rental commencement date of October 26, 2006. This a 120 month lease with a one time option to exit the lease after operating for 60 months. Current rate is $3,547.00 per month plus CAM charges which are approximately $1,200.00 per month.Selling Price:$225,000.00. Includes franchise transfer fee. Sales price includes full wine and wine gift inventory and all franchise transfer fees. All FFE remains inclusive of all office equipment. Buyer must be able to assume lease and apply for a liquor license. Existing license available for 90 days beyond purchase date. No debt outstanding on this business. Good relationship with upscale casual dining restaurant in the same complex. Joint marketing and other opportunities available.

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Created 2/10/2011