Popular Restaurant with Property Option

Chattanooga, TN
Hamilton County


Asking Price: Annual Revenue:
$299,000 $945,836

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Popular Restaurant with Property Option Broker: Adam Weaver

Quick Facts

Asking Price: $299,000
Annual Revenue: $945,836
Net Profit: Not Disclosed
Cash Flow: $162,735
Total Debt: Not Disclosed
FF&E: $98,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 24
BBN Listing #: 690662646
Broker Reference #: Not Disclosed

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Business Overview:

Turn-key American style restaurant in Chattanooga sub-market. This business has show strong sales over the years. Current year, like many other restaurants, was disrupted for over 3 months by Covid. Sales have started to gain as clients have started to go out to eat and ordinances are lifted.

The restaurant is located on a major thoroughfare with great visibility. With 1,000+, 4.4 star reviews on google, this restaurant has made its mark as a go to establishment within the community.

Serving up everything from breakfast, lunch and dinner. There is room for potential growth as they are currently only open 5 days a week. The business is predominately, semi-absentee owned, with key staff in place.

Property is not included in the sale price. Property available for additional $425,000. Free standing restaurant on just over 1 acre of land. Large parking lot. Apartment living space. Owner will only sell business and property together.

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Property Features and Assets:

Nice free standing restaurant with large parking area situated on just over 1 acre. There is a fully equipped apartment in the basement of the structure that can easily be leased out. Property is not included in the sale price. Property available for additional $425,000. Free standing restaurant on just over 1 acre of land. Large parking lot. Apartment living space. Owner will only sell business and property together. Current Owner will help buyer transition business for up to 4 weeks, non consecutive days.

Market Competition and Expansion:

Other restaurants in the general area. This business has a great reputation. This sub-market of Chattanooga is showing signs of strong growth. Business has room for potential growth with in the market with additional advertising.

Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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