SBA Pre-Qed Restaurant On Peaceful Side Of The Mtn

Business Overview:

This franchise restaurant has been serving Blount County for decades, and is a staple for generations of locals. This is due to an excellent location, and the consistently high quality of the product. The business is for sale due to the owner’s pursuit of retirement.

Revenues grew to more than $2m in 2021 and 2022, and SDE is averaging more than $340,000/year from 2019-2022. The owner believes the ongoing commercial development in Blount County will fuel an increase in revenues in the years ahead, and the young catering division presents another significant path to future sales growth.

There are numerous, excellent W2 employees, including a general manager and a store manager. The owner works approximately 15-25 hours/week, both in store and at home, managing the operations, hiring and training employees, as well as handling the administrative and financial demands of the business.

The business is valued at approximately $1m, and the owner would prefer to include the real estate, valued at more than $2.2m, with the sale.

An lender has pre-approved this business and real estate opportunity for an SBA loan. Highlights of the loan terms include a $450,000 down payment, an 8.5% fixed-rate for five years, and a 25-year term.

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Property Features and Assets:

FF&E Overview: There is a wide variety of restaurant equipment included in the sale. A complete list is available upon signing an NDA.

Reason for Selling:

retirement

Additional Details:

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