Business Overview:
Watershed established in 1998 is one of most critically acclaimed and popular restaurants in Georgia history and known and respected Nationally. This space is just steps away from Downtown Decatur, the courthouse, office buildings, hotels, restaurants, retail shops, colleges in the middle of an incredible and very dense middle to income residential area minutes from Emory, Buckhead, Downtown and Midtown Atlanta making this a 24/7 and very desirable destination.
Watershed was created by acclaimed Architect Michael Philips and Designer Dominic Coine who gave the space a industrial look and vibe.
Plenty of on-site, street parking and tons of nearby deck parking. Three beautiful garage doors open to restaurant with removable screens that mirror the garage doors allowing for a nice breezy atmosphere on nice days.
This sale excludes name, menu, recipes, staff and or the review of any books and records. The acquisition of the assets of Watershed i.e furniture, fixtures and equipment and current Tenants right to assign current lease is priced at $125,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
4,000 SF. Seating for up to 130 with a 12-seat full service bar and a very comfortable outdoor seating area with a few Adirondack chairs for lounging. Fully equipped kitchen has produced at hi volumes and can handle any casual or upscale cuisine with ease.
Plenty of on-site, street parking and tons of nearby deck parking. Three beautiful garage doors open to restaurant with removable screens that mirror the garage doors allowing for a nice breezy atmosphere on nice days.
Current lease is at approximately $23.00/sf with extras at $5.65. Landlord will not negotiate rental rate but is willing to discuss some rental abatement and adding up to ten years to current lease for qualified Tenant on current ease that expires in November 2013.
Reason for Selling:
Leased space.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: