Restaurant and Bar in Beautiful Historic Building
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A full-service restaurant and bar in East Tennessee, seating 117 across roughly 3,500 square feet of ground-floor space in a historic building. The building was taken down to the frame and rebuilt before the doors opened, so the plumbing, electrical, HVAC, roof, fire and security systems and the commercial hood are all new. One scratch-made American menu runs across all service hours, alongside a full bar.
The business runs five days a week, for 40 service hours. Revenue has held near $1.45M since 2023 on seller's discretionary earnings of roughly $281K, a 19% to 20% margin in every year, after charging earnings a full market rent of about $126,000 a year rather than the lower rent the business pays today. Both owners work in the business and neither draws an identifiable wage, so a buyer should budget separately for management labor.
What stands out:
Rebuilt to the frame before opening. Mechanical systems, roof and hood are all new since 2020, and repairs and maintenance have run under $11K a year.
SDE landed in a narrow band across 2023, 2024 and 2025, a 19% to 20% margin in every year, after a full market-rent charge.
Open five days a week for 40 service hours. Lunch, a weekend brunch and a sixth or seventh day are available without adding square footage.
Advertising has run under $2K a year, with no CRM, email list or tracked lead sources in place.
Full bar with a liquor license in place. Point of sale, kitchen display screens and dining room equipment convey with the business.
Catering and private events already happen and are not broken out, priced as a program, or actively sold.
The owners are retiring and will support a transition. This is a cash-free, debt-free asset sale of the restaurant business. The real estate is owned separately by the sellers and is available under separate negotiation; a new lease is to be negotiated at closing.
Well suited for an owner-operator, or a small regional restaurant group, that wants a rebuilt and fully equipped kitchen with clear room to add hours.
The business runs five days a week, for 40 service hours. Revenue has held near $1.45M since 2023 on seller's discretionary earnings of roughly $281K, a 19% to 20% margin in every year, after charging earnings a full market rent of about $126,000 a year rather than the lower rent the business pays today. Both owners work in the business and neither draws an identifiable wage, so a buyer should budget separately for management labor.
What stands out:
Rebuilt to the frame before opening. Mechanical systems, roof and hood are all new since 2020, and repairs and maintenance have run under $11K a year.
SDE landed in a narrow band across 2023, 2024 and 2025, a 19% to 20% margin in every year, after a full market-rent charge.
Open five days a week for 40 service hours. Lunch, a weekend brunch and a sixth or seventh day are available without adding square footage.
Advertising has run under $2K a year, with no CRM, email list or tracked lead sources in place.
Full bar with a liquor license in place. Point of sale, kitchen display screens and dining room equipment convey with the business.
Catering and private events already happen and are not broken out, priced as a program, or actively sold.
The owners are retiring and will support a transition. This is a cash-free, debt-free asset sale of the restaurant business. The real estate is owned separately by the sellers and is available under separate negotiation; a new lease is to be negotiated at closing.
Well suited for an owner-operator, or a small regional restaurant group, that wants a rebuilt and fully equipped kitchen with clear room to add hours.
About the Business
- Years in Operation
- 4
- Employees
- W-2 kitchen and front-of-house staff in place. Roster, tenure and retention deta
- Facilities & Assets
- Approximately 3,500 square feet of ground-floor restaurant and bar space seating 117, inside a two-story historic building rebuilt in 2020 and 2021. Full commercial kitchen under a stainless hood with fire suppression, commercial dish machine and wash station, reach-in refrigeration and freezers, stainless prep tables and an expediting pass with heat lamps. Full bar with back bar, speed rail and glass storage. Point of sale is a current cloud system with three stations, five printers, two kitchen display screens and a handheld tablet. Kitchen equipment was placed in service in January 2022; a detailed equipment schedule with age, condition and lien status is available in diligence. A company-titled pickup is available to a buyer by assumption of the payments, or is retained by the sellers. The real estate is owned separately by the sellers and is available under separate negotiation.
- Market Outlook / Competition
- Demand comes from a mix of local, tourism and institutional traffic in the surrounding area. Historical results have been steady, with revenue between $1.4M and $1.5M across 2023, 2024 and 2025 and no meaningful advertising spend behind it.
- Opportunities for Growth
- The restaurant is open five days a week for 40 service hours. Lunch, a weekend brunch and a sixth or seventh day are available without adding square footage. Advertising has run under $2K a year with no CRM, email list or tracked lead sources in place. Catering and private events already happen and are not broken out, priced as a program, or actively sold
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 3,500
- Rent
- $10,500 per month
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- The owners will provide a transition period to support a handover of operations, vendor relationships and the kitchen. Both owners are active in day-to-day management and neither draws an identifiable wage in the financial statements, so a buyer should plan for management labor or an operating partner's time. Staff roster, tenure and post-sale retention detail are in preparation and will be provided in diligence.
Listing Info
- ID
- 2552920
- Listing Views
- 11
Attached DocumentsAttachment Disclaimer
Listing ID: 2552920 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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