Profitable Lounge and Cafe for Sale

Knoxville, TN
Anderson County


Asking Price: Annual Revenue:
$79,000 $178,636

Food & Beverage: Coffee, Cafe, Dessert


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RE: Profitable Lounge and Cafe for Sale Broker: Eric Gagnon
License #: 85069

Quick Facts

Asking Price: $79,000
Annual Revenue: $178,636
Net Profit: Not Disclosed
Cash Flow: $77,506
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 5
BBN Listing #: 87198096
Broker Reference #: 6717

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Business Overview:

Located right next door to the University of Tennessee, this Lounge Cafe for Sale is Generating Sales close to $180,000 and is sending the current owner home with earnings of almost $80,000.
Located right off an interstate and also sits within walking distance to the University of Tennessee! That’s right! The targeted demographic for this type of business is within a two-minute walk! With almost 30,000 students that regularly attend the University of Tennessee, you have a built-in customer base that will go crazy over all of the different flavors and experience of the lounge cafe for sale. Easily triple the current earnings when you take advantage of endless marketing opportunities that surround this favorite college past-time.

Though being practically on campus gives you the best advantage for your target demographic, the neighboring businesses and shops also contribute immensely to the amount of marketing that is available to you. Within a 3-mile radius, there are over several hotels, multiple university-affiliated and non-university affiliated apartment complexes, a major hospital, quite a few sports complexes, parks, and shopping plazas. You really have it all, being at the epicenter of the sprawling campus that houses different disciplines (law, music, medical, etc) on every side of this cafe for sale!

We Sell Restaurants has brought you the best in terms of location, but the advantages don’t stop there. Monthly rent for this incredible cafe for sale is only $2,759 a month! With CAMS, insurance and taxes included, that is well below the market value for being featured on campus. The beautifully built 1,950 of square feet features University of Tennessee light fixtures, comfortable lounges, coffee tables, and a full bar. Though the location does not have a bar, you can still enhance the menu and drink options to open the possibilities for more business

If you are looking for a business that you don’t have to sink all of your capital into all at once, this is the one! The Restaurant Brokers have the most lending resources and can get YOU approved in just weeks, not months. We Sell Restaurants will be with you every step of the way as you take over this open and operating Cafe for Sale and realize what an amazing opportunity this is!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

50 Hookahs 55 hoses 60 Bowls 35 Lotuses 1 soda refrigerator Three 40in TVs 1 display case Full sound system 2 printers 2 ipads 15 seven and eight seat sections 2 month supply of Coconut Coals

Market Competition and Expansion:

Very profitable and cash cow.

Reason for Selling:

Relocation

Additional Details:

  • The property is leased.
  • The owner is not 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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