Hottest Diner in State of TN

Bristol, TN
Sullivan County

Near Bristol Motor Speedway


Asking Price: Annual Revenue:
$750,000 $295,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Hottest Diner in State of TN Broker: Angelo
Owner Financing is Available!
With 25% down, I could carry a note @ 9%, 20 Year Amortization, 3 year Balloon! Unless renegotiated after 2 years in business, other considerations maybe accepted.

Quick Facts

Asking Price: $750,000
Annual Revenue: $295,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: $400,000
Year Established: 8 years
Employees: 5
BBN Listing #: 553656709
Broker Reference #: 2520

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Business Overview:

We area a typical small 44 seat Diner that serves breakfast & Dinner all day, informal, and inexpensive restaurant that has an extensive menu and our design resembles an age before the present day of franchises. I wish to retire now that all my children have grown and flown the coupe! I built this establishment from a dive to a 4.5 star rated restaurant! We only operate from 7am to 2pm, 6 days a week. If buyer chooses to open until late hour, the gross revenue will double. There is a great demand for it. I am just tired! This opportunity includes real estate. Staff willing to stay on.

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Property Features and Assets:

Completely true turn key. Staff willing to stay!

Market Competition and Expansion:

There is no competition, because we are an open menu Diner. No Diner found in a 1 hour radius of us. This could even be a starting point for a new franchise.

Reason for Selling:

Retiring

Additional Details:

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

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