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Business For Sale
RESTAURANT ON BUSY HIGHWAY W/ACREAGE AND GARAGE
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Asking Price: |
$150,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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heart attacks, poor health |
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Year Established:
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1999 |
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# of Employees:
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3 |
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Yearly Revenues:
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$100,000 |
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Yearly EBITDA:
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$40,000 |
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Yearly Net Profit:
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$20,000 |
Business for Sale Overview:
Recently closed restaurant on busy highwy. Owners' health forces sale of business. Owners retired 7 years ago and refurbished the existing business, adding a nice apartment to the building. Has all like-new fixtures, furniture and equipment including silverware, dishes, cookware - ready to re-open immediately. Has a good customer base since owners had great food. Seller will consider lease purchase option to qualified buyers.
Property Features and Assets:
Located in a nice clean attractive building with spacious dining area. Kitchen is well laid out with like-new appliances, ice cream machine, deep fryers, etc. 2 30-year fuel tanks installed in 1999. Large canopy covers the pumps and drive-ups. 30'x50' commercial garage to rent or lease out for extra revenue. All licenses and inspections are current. Seller will consider lease purchase option to qualified buyers.
Market Competition and Expansion:
This is a mom & pop country diner/filling station which has a strong local customer base but also a high traffic highway in the middle of coal country - trucks, tourists and TVA personnel frequent the diner. Sitting on 2 acres of parking area, there is ample space for expansion of the business, to add a c-store, etc. Over $225,000 has been invested in this property - owners just want to retire for good. Seller will consider lease purchase option to qualified buyer.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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