Local Turn-Key Restaurant

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Profitable non-franchise restaurant with growth potential!
Asking Price:
$99,000

Gross Revenue:
$434,500
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Profitable local restaurant that is ready for a new owner. This location has a great upside, excellent location and an owner who is motivated to sell. This restaurant is an excellent opportunity for any serious buyer who wants to acquire a valued non- franchise restaurant at an extremely low price to grow business and expand. If you have the drive, and want to be your own boss, we would like to hear back from you.

Motivated seller is open to overall price negotiation.

About the Business

Year Established:
2016
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
1,500
Lease Amount/Mo.:
$3,500.00
Lease Expiration:
12/21/2020
Facilities:
1500sf unit located in fully-occupied strip center on high-traffic, most visible street in Memphis MSA.
Market Outlook/
Competition:
Few competitors are within the immediate market area and this restaurant has made a name for itself as a local non-franchise dining option.
Growth & Expansion:
There are many ways to proactively market this business such as direct mailing, special promos, coupon, social media outlets, calling corporations for catering, delivery services, 3rd party delivery service and expansion of catering services to a wider area. Expanding the catering services will help benefit this business as there are many more corporations and office buildings that has yet to be fully utilized to increase cash flow.
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About the Sale

Reason For Selling:
Owners run another business and preparing to retire.
Training/Support:
Seller will provide enough days of transition training to ensure the new owner is fully ready to continue the explosive growth of the business

Listing Info

ID:
1500916
Ad Detail Views:
259

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Business Listed by

Steven Rose

Crye-Leike Commercial - 308665

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