Fast Casual Restaurant

Knoxville, TN (Knox County)

Seller Financing Available
Fast Casual Restaurant

Asking Price:$345,000

Cash Flow:N/A

Gross Revenue:$911,240





Fast Casual Restaurant

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Business Description

This restaurant is a newer, fast casual food franchise with an inviting "today" concept. The food is fresh and service is fast. The restaurant is a franchise operation and they have been established since late 2014. The concept provides flavorable, fresh and affordable food. Gross sales in 2015 were $911,240 and net profit in 2016 is on a significant rise from 2015.
The purchase price includes the business goodwill, furnishings, fixtures, equipment, $6,000 of inventory at seller's cost, franchise rights, leasehold rights, tradename, etc. With an owner operator, this restaurant could be very successful in providing this concept to Knoxville patrons.

Detailed Information

Included in asking price
24 part-time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Located in a very busy area of Knoxville in a 3,000 square foot space. The restaurant seats 84 patrons inside and up to 48 outside. There is plenty of parking and the build-out and fixtures in this facility are impressive. Only 1.5 years old. Rent for the space is currently based on 6% of sales.
Possible with majority downpayment
Support & Training:
The owner is willing to train the buyer in all aspects of business operations and the franchisor corporate office will have their training requirements.
Reason for Selling:
The industry and concept does not fit his investment mode.
This business is an established franchise

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Gary Lenderman

Business Listed By:
Gary Lenderman

Realty Executives Associates, Business Brokerage

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