Absentee - Destination Restaurant!

Asking Price$2,000,000

Cash Flow
$280,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,700,000

Inventory$40,000
Not included in asking price
FF&E$250,000
Included in asking price
Real Estate$1,000,000
Not included in asking price
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Absentee - Destination Restaurant!


Asking Price$2,000,000

Cash Flow
$280,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,700,000

Inventory$40,000
Not included in asking price
FF&E$250,000
Included in asking price
Real Estate$1,000,000
Not included in asking price

Seller Financing Available
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.
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

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Business Listed by: Brad Spear Prime 100 Business Brokers

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.


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