After nearly six years in business, Farm Burger Grant Park has closed. The roughly 1,900 square foot restaurant, located at 275 Memorial Drive in Link Apartments® Canvas (originally The George Apartments), opened in March 2018 and closed quietly last week, according to a source at the Atlanta-based business.
The restaurant was first put on the market by Steve Josovitz of The Shumacher Group this past October. In a separate listing, Josovitz in October also sold the Farm Burger in Buckhead to the owners of Rreal Tacos who plan to open their taco spot there later this spring.
According to the Shumacher website, the Grant Park location is "under contract," with ToNeTo Atlanta thus far unable to confirm who the deal is with or when a deal may close. The sales listing indicated the space provided seating for 50, plus patio seating, a full bar, and free dedicated parking, a rarity at a growing number of intown projects.
The listing goes on to say that 2022 gross sales reached $1.5 million and that the business, with $5,500 monthly "all-in" rent, was profitable. The restaurant is currently signed to a five-year lease with a five-year renewal option. The new tenant would inherit a "fully equipped restaurant convertible to almost any casual, QSR, or upscale concept except pizza or coffee, club or late-night lounge."
The sale does not include the business or use of the Farm Burger name. The restaurant was originally priced at $150,000 but was later reduced to $100,000 with some owner financing available, but it remains unclear what the final purchase price may be.
Following the closure, Farm Burger remains open in Georgia in Decatur, Dunwoody, Virginia-Highland, Athens, in the Whole Foods Market in Midtown (14th & Spring), and in Mercedes-Benz Stadium downtown. The company also operates restaurants in Huntsville, Alabama, Asheville, North Carolina (2), and Memphis, Tennessee.
Are you surprised to see Farm Burger close in Grant Park? Where is your favorite intown burger spot? What would you like to see open in place of Farm Burger Grant Park?
Please share your thoughts below.
4 comments:
Not surprised it closed. That was my favorite burger joint. I would love to see an exact clone of it open there.
Does someone else own the Dunwoody location? Why is it not listed? They not considered the Atlanta market?
It's an ok chain. I preferred Yeah! Burger (also gone). We already had several good burger places in close proximity and when grindhouse opened up soon after farm burger with a spacious outdoor deck. The writing was on the wall.
Writing was on the wall when Grindhouse opened soon after it opened. It's an ok chain. I preferred Yeah! Burger (also gone).
Post a Comment