Profitable and Long-Standing Bar

Not Disclosed, TN


Asking Price: Annual Revenue:
$199,000 $603,479

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable and Long-Standing Bar Broker: Doug Kose

Quick Facts

Asking Price: $199,000
Annual Revenue: $603,479
Net Profit: Not Disclosed
Cash Flow: $88,324
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1999
Employees: Not Disclosed
BBN Listing #: 899754611
Broker Reference #: 5182-386889

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Business Overview:

An established 20-year old restaurant that opens for lunch and dinner is now available for sale in the greater Knoxville area. Great location that has regular clientele and out of town visitors due to all the great online reviews. The owners are great stewards in the community and have theme nights that include Karaoke and Bands. An outdoor deck is an added bonus for patrons on pleasant East Tennessee days. Menu includes burgers, chicken, steak, sandwiches and great entrees. Restaurant does serve beer, wine and liquor. This is a great opportunity to run a profitable restaurant that did sales of over $600,000 in 2018.

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Property Features and Assets:

There are other restaurants in the area but few with this long standing relationship in the community with a great reputation. There are booths, tables and chairs for approximately 150-170 people. There are two years remaining on the lease that is $1,800 per month.

Market Competition and Expansion:

Growth opportunity is to be open on Sundays; add catering and delivery services.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is 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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