The steakhouse remains open while its owner seeks $495,000 for the business, brand and leasehold assets.
You know the room. White tablecloths on Decatur Square, the place people book when somebody turns forty or a rehearsal dinner needs to be walkable from the courthouse lawn.
Now some of the numbers behind it are public.
Parker’s on Ponce, at 116 E. Ponce de Leon Ave., is listed for sale for $495,000, with owner financing available. The listing reports approximately $2.36 million in 2025 sales, $17,000 a month in rent and $200,000 in net profit, although that last number requires a closer look.
The buyer would acquire the operating business and its leasehold assets, not the building or land.
Co-owner J.T. Scott said he is stepping away after nearly 18 years to spend more time with his family. His preference is for Parker’s to continue, but the listing leaves another possibility open.
Parker’s is not closing
Nothing changes for diners right now.
The broker’s listing describes Parker’s as an open and operating business. The restaurant is still serving dinner and accepting reservations.
What is for sale is the operation inside the building: the Parker’s name, its existing business, equipment, buildout and right to occupy the space under a transferred or renewed lease.
The listing markets the restaurant as “Keep or Convert.” A buyer could preserve Parker’s or introduce another concept into the 5,000-square-foot space, which includes 150 seats, a full bar and a patio.
It also says the executive chef, general manager, bar manager and two sous chefs are prepared to remain under new ownership. That could make a handoff easier, but it is a statement in a sales listing, not a guarantee about who will still be there when a deal closes.
What it costs to hold this address
The rent is listed at $17,000 a month all-in, or approximately $204,000 a year. A renewal option is available, and the broker says the landlord may discuss the rent with the right buyer.
Against that expense, the listing reports 2025 gross sales of $2,364,634.97. It says 2026 sales are tracking slightly lower.
That makes this a rare public benchmark for Decatur Square: a named restaurant, a specific address and enough operating information to see the scale of business required to support it.
The $200,000 profit figure needs more caution.
The broker calls it net profit but says it includes the working owner’s salary. The same listing identifies that salary as $78,000, but it does not explain precisely how the compensation is treated in the calculation. No independently verified financial statements, tax returns or complete expense records are public.
Dividing $200,000 by sales produces roughly 8.5 percent, but calling that Parker’s profit margin would suggest more certainty than the listing provides. A serious buyer would need to review the underlying records and normalize the owner’s compensation before deciding what the restaurant actually earns.
The listing also describes a $1 million buildout in mint condition. That is the broker’s valuation language, not a documented construction cost presented for independent review.
The Square has seen this kind of handoff before
Brothers John-Thomas and Christopher Scott began planning Parker’s in 2007 and opened it in November 2008, naming it after John-Thomas’ daughter.
The closest recent comparison is Raging Burrito & Taco at 141 Sycamore St.
The Shumacher Group also marketed that longtime Decatur Square restaurant. Its listing reported approximately $2.75 million in 2024 sales, $8,000 in monthly rent and $339,981 in net income. It sold to Decatur resident and longtime customer Ben Kori on Dec. 1, 2025, with plans to continue operating the restaurant.
That does not establish a trend. It shows one possible path.
A longtime owner can sell a functioning restaurant rather than close it, liquidate the equipment and leave the landlord with an empty space. Whether Parker’s follows that path depends on what the buyer believes is most valuable: the established steakhouse or the location and kitchen underneath it.
This is a healthier kind of restaurant transition than a locked door and a liquidation notice. Parker’s is operating, its management team may remain and the owner has time to search for a buyer who can continue the business. The asking price is only the first number. A buyer would need to verify the $200,000 earnings figure, understand how the owner’s compensation was treated, secure the lease terms in writing and decide whether the Parker’s name is worth preserving. Buying an 18-year-old steakhouse and buying a restaurant-ready corner of Decatur Square are two different investments. The listing is offering both for the same $495,000.
