10 Degrees South, a Chastain Park mainstay for more than a quarter century, has been listed for sale. The restaurant, located at 4183 Roswell Road, first opened in 1998 and was the original concept from what is known today as True Story Brands.
The sales offering indicates the "mint condition" restaurant is 4,000 square feet with seating for 150 guests plus a 15-seat bar and 40 seats outdoors. The restaurant is "up to code" with a 1,500 gallon grease trap and offers "tons of parking."
Monthly rent is $9,000 "All-In" with a long-term lease available with an option to renew. Sales have reportedly reached $3.5 million.
The restaurant, exclusive of the real estate which is not included, is priced at $795,000 with some owner financing available. Books, records and / or current concept are not included.
According to the sales offering, "Retirement Forces Sale," which according to listing agent Steve Josovitz of The Shumacher Group, is the retirement of Anthony's parents. (Josovitz is also marketing the three unit Mirko Pasta chain, including its Chastain Park outpost a stone's throw from 10 Degrees South.) Justin will continue to operate his other restaurants.
In 2012, Justin opened Yebo Beach Haus and in 2015, he debuted his third restaurant, Cape Dutch. In the years since, Yebo relocated to its current home at Andrews Square (56 East Andrews Drive) while Cape Dutch closed in January 2020, just before the pandemic shut down restaurants and wreaked havoc on the industry. Biltong Bar, Justin’s fourth, opened at Ponce City Market in early 2016, specializing in dry aged beef jerky. The concept would later expand to Buckhead (Buckhead Village District) and Alpharetta (Avalon) but the Buckhead location closed in January 2022 while the Alpharetta outpost was reconcepted into The Cape Restaurant & Beach Bar.
Are you a fan of 10 Degrees South? What is your favorite True Story Brands concept? Wat would you like to see open in place of 10 Degrees South?
Please share your thoughts below
12 comments:
Regarding the potential sale of Mirko pasta, I would really hope that whoever takes over, does not really change anything. it would be a travesty if they started carrying imported pasta instead of fresh pasta. the only enhancement they could use where Chef Mirko has lost his way over the years would be to launch a new specials menu which I want to say went away with Covid. Bring back the specials!
We’ve dined at 10° and really did seem underwhelming for the price point. Also, it seemed overly pretentious.
hookah lounge need to go in frfr buckhead stay lit on sum real slime
we were to 10° south many years ago, and even then at prime time there is no more than two couples in the whole establishment. On a sidenote, the 10° south space would indeed be good space for a hookah lounge, not that it’s my kind of Thing though, just saying
Perhaps the city can purchase it so that APD officers have a more comfortable place to dick around on their phones all day.
Stroke
No no no no no to anymore nasty hookah lounges. They are nothing but trouble. Won't be tolerated in this neighborhood.
Oh yes because just what Buckhead needs is another trashy hookah lounge. Eye roll.
Biltong Bar is THE most underrated gem for craft cocktails. They need to go back to having multiple locations!
Will never get that price in ghetto-ass Buckhead. Maybe Midtown, West Midtown or O4W.
Sure they will. They won’t get it though in KKKville where you live.
OK so now Biltong Bar is closing... what's the deal? He has broken hearts with that one... Biltong will be missed.
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