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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

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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:

This location is the first BBQ restaurant that tourists pass as they enter Sevierville. The owner has operated this restaurant and has been a pillar in the community since 2006. He is retiring due to health issues.

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

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