Profitable Casual Dining Restaurant For Sale
Bristol, TN Sullivan County
Seller's Contact Information
- RE: Profitable Casual Dining Restaurant For Sale
- Contact: Steve Weinbaum
Quick Facts
| Asking Price: | $800,000 | |
| Annual Revenue: | $200,858 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $59,585 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2011 | |
| Employees: | 6 | |
| BBN Listing #: | 68708096 | |
| Broker Reference #: | 8966 |
Business Overview:
Profitable Casual Dining Restaurant for Sale with Real Estate in Bristol Tennessee. Open and Operating for Ten Years. Serving Traditional Breakfast and Lunch Menu. Currently Open only Six Days a Week for a Total of 42 Hours. Annual Revenue is $200,000 with Plenty of Owner Earnings for a Full Time Owner Operator. Owner would consider Selling the Restaurant and Not the Real Estate with Favorable Lease Terms Open and Operating 10 years, the owner is ready to retire...and what a great time to take over this profitable casual dining restaurant. The restaurant for sale is only open Monday Through Saturday from 7:30 - 1:30 so whether you want to maintain a great work-life balance as a restaurant owner operator or add dinner and Sunday, the choice is yours. There is so much construction and expansion/growth going on in the area, business should grow double-digits for years to come. The menu consists of every one's favorites like eggs, bacon, waffles, home-made hash browns, salads, burgers and more.? Contact your Restaurant Brokers today at We Sell Restaurants to learn how you can be the new owner of this well-known and Iconic landmark diner in Bristol Tennessee. Owner can provide Books and Records. Including Owners Salary there is $60,000 in verifiable earnings and more... Bristol is a city in Sullivan County, Tennessee which lies directly across the state line between Tennessee and Virginia. Bristol, recently named the Most Charming Town in America by ShopOnMain.com, is uniquely situated within a day's drive of half the United States' population. Bristol offers an exceptional quality of life, with low cost of living and moderately priced real estate. Bristol as the 'Birthplace of Country Music' It also is the birthplace of Tennessee Ernie Ford. Bristol is also the site of Bristol Motor Speedway, a NASCAR short track that is one of the best-known motor sports facilities in the country. The purchase price includes the real estate making this a much easier transaction to finance with less down at closing and a 20-year loan. Note: The Real Estate is being Marketed on behalf of a licensed real estate agent in the state og Tennessee. Call today.
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Property Features and Assets:
38 chairs approximately 15 Tables 4 booths 5 stainless steel counters prep stations 1 covered cube for waffle irons 1 Fryer 3 flat grills 1 operational hood 50 plus coffee cups 135 Pepsi tumblers light blue in color 4 steam tables 1 Scotsman 900 lb ice machine with bin 2 coffee warmers 1 bunn coffee machine with 3 pot warmers 112 sets of silverware; spoon, butter knives & forks 3 silverware holders 3 standup refrigerator freezer 2 reach in coolers 1 12 by 12 outside walkin dry stock keeper 1 6 by 12 walkin freezer with all shelving 1 stainless steel 3 bay sink with trash hole 2 Chest freezers 1 Slicer 1 Pan Dryer Rack All Plastic and stainless steel pans 1 Convection Oven Proofer 1 Electric range by Hardwick Century Series 1 Register 1 Display case 1 Printer Scanner 1 SentrySafe with keys Plus All inventory presently on hand to run the business of the Old Lighthouse
Market Competition and Expansion:
Entrepreneurs have greatly revitalized downtown with shopping, dining, entertainment and lodging options while once-scarce shopping and dining options in other parts of town are now plentiful and the employment base is on much more solid footing.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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