Highly Profitable Knox area Restaurant includes Real Esate

Knoxville, TN (Knox County)

Seller Financing Available
Highly Profitable Knox area Restaurant includes Real Esate

Asking Price:$645,000

Cash Flow:$140,631

Gross Revenue:$708,443

EBITDA:N/A

FF&E:$80,000

Inventory:$5,000

Real Estate:$385,000

Established:N/A

Highly Profitable Knox area Restaurant includes Real Esate

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Business Description

Highly Profitable Restaurant - Price includes Real Estate

Independent restaurant with a home style theme that sits on a major highway. Highly successful and has been established for many years. Popular with the customers and well known in the area. Serves quality home cooking at a very affordable price. Open daily. Sales have trended upwards each of the last few years. 2016 sales are running about the same as 2015, maybe a little higher. Total Purchase price is $645k. Business is priced at $260k with the real estate priced at $385k for a total of $645k. Excellent opportunity as profits are very strong and the real estate is a large part of the total cost! The food and service is of good quality and the place greatly appeals to the demographics of the area. No better restaurant opportunity in the whole Knoxville vicinity!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
2,700
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The real estate consists of a 2700+ sq ft building that sits on 1.05 acres. Pretty lot with trees and attractive landscaping. Plenty of parking.
Competition:
Very little competition anywhere nearby.
Financing:
Depending on situation, owner may provide some financing on the Real Estate portion.
Support & Training:
Owner will train buyer in all aspects of business operations for a specified period of time.
Reason for Selling:
To enter retirement.

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Gary Lenderman

Business Listed By:
Gary Lenderman

Realty Executives Associates, Business Brokerage

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