CHATTANOOGA, Tennessee
| Asking Price |
$338,000 |
Year Established |
2024 |
|
| Annual Revenue |
$411,386 |
Reason for Selling |
Focusing on other ventures |
|
| Annual P/L |
$0 |
Attention |
Wesley Hill |
|
| Annual Cash Flow |
$0 |
Listing Number |
1015857 |
|
| # of Employees |
6 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Rare opportunity to acquire a distinctive, high-end cocktail bar in downtown Chattanooga, TN, offered as a turnkey asset sale. A new owner skips the significant startup cost and the months of work a first-generation build out requires, including a kitchen. The space carries roughly $600,000 in leasehold improvements and can open under their own concept on day one.
The sale includes an assignable lease with a strong runway: approximately 6.5 years remaining on the base term plus two 5-year renewal options at preset rates. The upstairs is separately subleased to an established business generating approximately $45,000/year, offsetting more than half of the base rent and materially lowering effective occupancy cost.
Property Features and Assets:
<p>Included Inventory: $15,000</p><p>Lease Info:</p><ul><li>Square Feet: 4,200</li><li>Total Monthly Rent: $6,225</li><li>Lease Expiration: March 31, 2033</li><li>Lease Options to Renew: Two 5-Year Options</li><li>Build Out Cost: $628,729</li></ul>
Market Competition and Expansion:
<p>Differentiated high-end concept in a growing downtown Chattanooga nightlife market, with a buildout that's costly to replicate.<br></p><p>Room to grow through extended hours, food, events — or a full rebrand — on a turnkey space with income-producing upstairs already in place.<br></p>
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