Fully Built Chattanooga Cocktail Bar | Move-In-Ready | Asset Sale
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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.
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.
Detailed Information
- Years in Operation
- 2
- Facilities & Assets
- General Info:
Gross Revenue: $411,386
Equipment / Fixtures: $60,601.65
Included Inventory Amount: $15,000
Lease Info:
Square Feet: 4,200
Total Monthly Rent: $6,225
Lease Expiration: March 31, 2033
Lease Options to Renew: Two 5-Year Options
Build Out Cost: $628,729
About the Sale
- Transition Support
- 90 days
- Seller Motivation
- Focusing on other ventures
Listing Info
- ID
- 2544144
- Listing Views
Listing ID: 2544144 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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