Your shot at being one of the Big Five on Old Hickory Lake!

Asking Price$749,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,190,000

Inventory$14,000
Included in asking price
FF&E$450,000
Included in asking price
Banquet Facilities
Huge Patio w/90ft Cocktail Bar
Main Dining Room Cocktail Bar
Main Dining Room
Pizza Kitchen & Ovens
Main Kitchen Hot Line
Banquet Facilities
Huge Patio w/90ft Cocktail Bar
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Your shot at being one of the Big Five on Old Hickory Lake!


Asking Price$749,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,190,000

Inventory$14,000
Included in asking price
FF&E$450,000
Included in asking price
Business Description
Rare opportunity to own one of the five marina restaurants on Central Tennessee's largest recreational lake! In 2023 this restaurant got a million dollar facelift that included a beautiful 120 cap dining room complete with custom elevated booths, a fireplace and cocktail bar with openable windows facing the lake. The upgrades included brand new plumbing and electrical throughout the lease space. The property also features banquet rooms for up to 120 guests and a covered outdoor patio with a 90ft horseshoe long bar with boat walk-up service on one side. There is a fully equipped main kitchen and a secondary pizza kitchen, two server alleys, four restrooms, two walk-in refrigerators and dual-source, 8-handle draft beer towers located at the bars both indoors and outdoor. The sale is an asset sale but the concept including all intellectual property is included if wanted. Full training is also included with sale if needed. The current owner is relocating with his family to another state. The landlord continues to invest into incredible upgrades like the parking lots, over twenty guest boat slips, a new custom pool for the slip owners and campground guests and a clubhouse. Lease assignment or a new lease is available if wanted.
About the Business
Years in Operation
2
Number of Employees
15
Facilities & Assets
Waterfront, free-standing 8,439sqft restaurant including a huge outdoor patio with banquet rooms, two fully-plumbed cocktail bars, two indoor dining rooms with seating indoors of 200+ and 170 outdoors. A 90ft outdoor cocktail bar with boat walk-up service on one side. Very large parking lots on three sides. 20+ guest boat slips, live entertainment stage with lighting. Two kitchens including a double deck pizza oven, Alto Shams, full cook line with all equipment purchased in 2023. Beautiful decor. Fireplace, completely rebuild space. Four restrooms
Market Outlook / Competition
There are only five restaurant/bars on the largest recreational lake in Tennessee and you now have a very rare opportunity to be one of these lucky five! All five restaurant/bars are spread out quite far from one another so there is great comradery and zero competition between us. The peak season is obviously summer but the banquet season of Fall, Winter & Spring are also fantastic. We are open year round.
Opportunities for Growth
This particular marina was recently purchased by fantastic owners who have completely invested into upgrading all of the facilities including the construction of a new custom pool and clubhouse for the boat slip owners and campground guests. All new docks, guest slips and parking lots with plenty more exciting features coming. The landlord is comfortable with signing a brand new lease as well as the existing lease assignment as there are advantages in both possibilities. The Liquor license, intellectual property and Federal Trademark are included
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
8,439
Rent
$10,000.00 per month
Lease Expiration
4/1/2033
About the Sale
Seller Motivation
My family has decided to move out of state
Transition Support
I am under no strict timeline to leave the state at the moment so I am available to train anyone as I have also been a restaurant consultant for 17 years and can teach as well as train. This is an asset sale that will include the intellectual property if it is wanted.
Listing Info
ID
2406075
Listing Views
196

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Listing ID: 2406075 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.