Absentee - Destination Restaurant!
Business Description
FINANCIAL PERFORMANCE OVERVIEW: This established steakhouse and event venue generates approximately $1.7M in annual revenue with net income of $280K to the absentee owner, representing a 16.5% net profit margin. Operating continuously since 1995 (29 years), the business demonstrates consistent market presence and operational stability.
ASSET VALUATION & INVESTMENT STRUCTURE: Total asset package includes $250K in furniture, fixtures, and equipment plus real estate valued at approximately $1.0M, creating a comprehensive turnkey investment opportunity totaling $1.25M in tangible assets.
OPERATIONAL METRICS: The dual-revenue model combines restaurant operations with event venue services, providing diversified income streams that enhance financial stability. Absentee ownership structure demonstrates systematic operational processes and management efficiency.
MARKET POSITION: Located in Dyersburg (Marlboro County), the establishment has maintained market presence for nearly three decades, indicating strong customer loyalty and brand recognition within the regional dining market.
GROWTH POTENTIAL INDICATORS: The destination restaurant classification suggests draw from beyond immediate local market, indicating potential for expanded marketing reach. Event venue component provides additional revenue optimization opportunities through corporate events, weddings, and private functions.
DUE DILIGENCE HIGHLIGHTS: 29-year operational history provides extensive financial documentation for buyer analysis. Established customer base reduces market entry risks typically associated with new restaurant ventures. Real estate inclusion eliminates lease dependency and provides additional asset security.
TRANSACTION RATIONALE: Owner retirement creates acquisition opportunity for qualified buyer seeking established food service operation with proven revenue model and included real estate assets.
ASSET VALUATION & INVESTMENT STRUCTURE: Total asset package includes $250K in furniture, fixtures, and equipment plus real estate valued at approximately $1.0M, creating a comprehensive turnkey investment opportunity totaling $1.25M in tangible assets.
OPERATIONAL METRICS: The dual-revenue model combines restaurant operations with event venue services, providing diversified income streams that enhance financial stability. Absentee ownership structure demonstrates systematic operational processes and management efficiency.
MARKET POSITION: Located in Dyersburg (Marlboro County), the establishment has maintained market presence for nearly three decades, indicating strong customer loyalty and brand recognition within the regional dining market.
GROWTH POTENTIAL INDICATORS: The destination restaurant classification suggests draw from beyond immediate local market, indicating potential for expanded marketing reach. Event venue component provides additional revenue optimization opportunities through corporate events, weddings, and private functions.
DUE DILIGENCE HIGHLIGHTS: 29-year operational history provides extensive financial documentation for buyer analysis. Established customer base reduces market entry risks typically associated with new restaurant ventures. Real estate inclusion eliminates lease dependency and provides additional asset security.
TRANSACTION RATIONALE: Owner retirement creates acquisition opportunity for qualified buyer seeking established food service operation with proven revenue model and included real estate assets.
About the Business
- Years in Operation
- 30
- Employees
- 26 (10 Full-time, 16 Part-time)
- Facilities & Assets
- Built to boom and running smooth! Well maintained.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 6,000
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Negotiable for a smooth transition
- Financing Options
- Negotiable
Listing Info
- ID
- 2438362
- Listing Views
- 82
Listing ID: 2438362 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.



