Over $260,000 Owner Earnings on River Front Rest.

Tellico Plains, TN
Monroe County


Asking Price: Annual Revenue:
$650,000 $1,806,526

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Over $260,000 Owner Earnings on River Front Rest. Broker: Tabby Hemphill

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,806,526
Net Profit: Not Disclosed
Cash Flow: $26,382
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2020
Employees: 41
BBN Listing #: 20978096
Broker Reference #: 8495

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Business Overview:

Live your best life in this Tennessee Mountain town with views of the majestic mountains. This Restaurant and Bar for Sale offers more than just the great river front views! 2021 is tracking to have Owner Earnings of $263,000 on $1.8 Million in sales! SBA lending available for qualified buyers with as little as 20% down, or Seller Financing Available with 40% down.

Tennessee has more people moving into it than any other state in the country. Once you take a look at this Restaurant and Bar for Sale, you will understand why! River views from almost every seat in this restaurant. Outside boasts a great outdoor space, where customers can enjoy the dining while taking in sights and sounds of the Telico River.

The sales are proof that this location has everything you could ask for in a restaurant. This Restaurant and Bar for Sale is checking all the boxes, location, sales, setup, and profits! Owner earnings are tracking for $263,000 in 2021 which will make this opportunity a prime business for SBA lending. We Sell Restaurants has multiple lender resources to help you through the process.

Large 6,800 square foot space offers views of the river from almost every seat in the house, seating 75. Indoors even boasts locally Amish made farmhouse tables. The outdoor patio area must be seen to be appreciated, in this large outdoor space you have room to accommodate and additional 100 guests. Guests can enjoy the outdoor patio beside the river that offers plenty of seating, cornhole boards, and its own bar separate from the indoor bar. Just $9,000 in rent for this incredible space with a 5-year lease and an additional 5-year option.

Turn-key, this Restaurant and Bar for Sale is fully equipped and has more kitchen area and prep areas than most restaurants twice it's size. The seller's have spared no expense in the upfit and layout and design of this profitable restaurant. To ensure a smooth transition, the seller is even offering 1 MONTH of training for a buyer at no additional cost.

Come enjoy a great quality of life in the Mountains of Tennessee. This buys town boasts tons of visitors a year to ride along the Cherohala Skyway. In addition, it is less than two hours to Pigeon Forge, and three hours to Nashville, TN and Asheville, NC.

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Property Features and Assets:

To Be Provided.

Market Competition and Expansion:

Busy location at end of Cherohala Skyway.

Reason for Selling:

Retirement

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.

Relevant Links:

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