Seller's Contact Information
- RE: Profitable Restaurant And Bar In Amazing Location
- Contact: Bill Pinson
Quick Facts
Asking Price: | $310,000 | |
Annual Revenue: | $702,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $138,000 | |
Total Debt: | Not Disclosed | |
FF&E: | 60,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2015 | |
Employees: | 6 | |
BBN Listing #: | 784743201 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Profitable Restaurant and Bar in Amazing Location in Southeast TN
This is a unique opportunity to own a profitable restaurant/bar in an unbeatable location in Southeast TN. The restaurant has been open for 7 years and has a long list of regulars. It sits in a hot tourist location as well. Asking price is $250,000 plus equipment $60,000 for a total of $310,000. Management is in place and most of the staff has been there at least 3 or 4 years. There are currently 6 employees. If you are looking for a fun opportunity that is established and up and running like clockwork, this is the one for you!
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Property Features and Assets:
Restaurant is over 3,000 square feet with nice patio for added room for guest. Prime, high traffic location.
Market Competition and Expansion:
There are other restaurants in the area, but this one has a specific niche that is unique to the area. They are in a spot that not only brings in local patrons, but also taps a large tourist market.
Reason for Selling:
Taking care of family.
Additional Details:
- The property is Leased.
- 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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