The Gyu-Kaku Japanese BBQ space is available for lease in Atlantic Station, according to a for-sale listing held by The Shumacher Group.
An ideal lessee would take advantage of the Korean barbecue setup or convert the restaurant space into a new business altogether that’s “acceptable” to the landlord. With either option, the new owner would pay $795,000 upfront to acquire all of the restaurant’s furniture, fixtures, equipment, and “rights to lease assignment.”
The sale would not include the business, name, trademark, “and/or due diligence on books and records” meaning Gyu-Kaku would close its doors should a new lessee step in.
It’s unclear why the open and operating restaurant has been listed for lease. The Shumacher Group would not comment on the listing when reached via email on Monday.
Gyu-Kaku Japanese BBQ is a new-ish addition to Atlantic Station, at 265 18th St NW Ste 4130. It replaced Copeland’s and boasts 200 seats, a bar, a patio, and 40 “BBQ tables with down drafted ventilation systems” — not to mention, $2,500,000 was spent building out the space, according to the listing.
3 Responses
Dish was a bold design statement and culinary creation that lasted over a decade in this previous gas station– during what could be called Virginia-Highland’s golden period of boutiques, cabaret/jazz, and popular restaurants that were famed in Atlanta.
As part of the design team that created Dish and Harvest restaurants, let’s remember the successes of the neighborhood’s past and look positively to the increasing potential of the Virginia-Highland shopping and entertainment district.
Embrace popularity.
I’ve been a regular of Diesel for I think 10 years. Hoping something gets worked out that keeps this place what it is with the staff and the regulars. It’s been my second home for awhile and I’m going to miss the place if it becomes another boutique soap shop on this strip.
$7,000 per month lease; debt service on $225,000; electric and gas bill; employees, food and liquor bill…..how much could it generate in a month to make a profit?