Profitable Independently-Owned Restaurant & Bar in Prime Location

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Turn-key Profitable Restaurant and Bar with great reputation
Asking Price:
$295,000

Gross Revenue:
$850,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$150,000
included in asking price

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Business Description

True-profit, well-established, locally-owned restaurant with a loyal customer base, great seasonal menu concept, well maintained, and well-trained staff. Ranked in the top 10 of all search engines and review sites. Perfect for an entrepreneur to take over and expand.
The restaurant offers unique bar concepts that attract a wide range of clientele while its menu offers a variety of options from business functions to parties with friends and families.
This is a turn-key opportunity for anyone who is ready to get into the restaurant business. The restaurant has a great reputation and is highly profitable. The business has no current liabilities and attractive lease term (under the market price) that is transferable to the new owner.

About the Business

Year Established:
2006
Number of Employees:
19
Real Estate:
Leased
Building Sq. Ft.:
3,300
Lease Amount/Mo.:
$3,333.00
Facilities:
All fixtures, inventory, and equipment are included in the asking price.
Market Outlook/
Competition:
A well-known staple restaurant in the area. Most other restaurants in the areas are chain and customers often look for locally-owned and operated concepts. You can enjoy the instant cash flow and profits without having to pay the royalty fees as in the purchase of a chain restaurant.
Growth & Expansion:
Profits and sales been growing in sales every year since we've opened with proven records. There are plenty of opportunities to expand (i.e. catering and weddings).
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About the Sale

Reason For Selling:
Owner has other businesses that demand time and energy.
Training/Support:
Owner will be willing to train and help with the transfer period.

Listing Info

ID:
1361956
Ad Detail Views:
997

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Business Listed by
Alex Michaels
U.S. Census Data for Washington County, TN
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Washington County, TN
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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