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- RE: Restaurant/Retail On 1 Acre - 200' Rd Frontage
- Contact: Adam Bassett
Quick Facts
Asking Price: | $1,890,000 | |
Annual Revenue: | $711,988 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $69,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $156,532 | |
Real Estate: | $1,490,000 | |
Year Established: | 2006 | |
Employees: | 4 | |
BBN Listing #: | 940026 | |
Broker Reference #: | 5182-150581 |
Business Overview:
Dreaming of owning a restaurant or retail space in the Great Smoky Mountains, or just looking for a prime piece of real estate? This location in Sevierville, TN has it all. This property includes one acre of land with a 2500 square foot building ready for your restaurant or retail space. It has 200 feet of road frontage right on the parkway and it’s just minutes from Exit 407, the gateway to the Smokies. Every tourist that takes Exit 407 to visit the Smokies passes this location. This type of opportunity, right on the parkway, doesn't come available often and it won't last long. The listing price includes the current restaurant business and the real estate. However, the owner is willing to sell the real estate separately from the business.
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Property Features and Assets:
Market Competition and Expansion:
Competition:
From a BBQ perspective, the closest competitor is a chain restaurant 3.2 miles past this property. If you are considering opening a non-barbecue restaurant, this would be one of the first restaurants that tourists encounter as they enter the parkway. There are plenty of competitors past this location but not before.
Retail in the area is very competitive, but again, this property is one of the first retail spots that visitors encounter and is very hard to miss with 200 ft of road frontage. The property is also grand-fathered in to the city's previous signage rules. This means that the property can have a larger road-side sign than newer properties.
Reason for Selling:
retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Tennessee businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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