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Restaurant - Downtown for breakfast or lunch w/below market lease.

Nashville, Tennessee (Davidson County)

Retail - Restaurants | Mfg. - Food and Kindred Products

Asking Price $145,000 Inventory $3,000** 
Gross Income $177,000 Real Estate  
Cash Flow $43,000 Year Established 2004
FF&E $50,000* Employees 1-2 + owner

* included in the asking price

** not included in the asking price

Restaurant in the heart of downtown, lots of lunch foot traffic with more than 250 regular customers. Open Monday - Friday 7:00 AM - 3:00 PM, Saturday 7:30 -1200 Noon and Sunday7:30 AM - 10:00 AM. FF&E original purchase in 2004 was for $150,000. Location: In Music-City USA - 10.5 Million tourists annually. Near financial district/Arcade, Hermitage Hotel, Renaissance Hotel, the Hilton Suites, Historic South Broadway's Gruhn Guitar, Legend's Corner, Tootsie's, Printer's Ally, Wild Horse Saloon, Sommet Center, Ryman Auditorium where the original Grand Ole Opry was filmed, Schermerhorn Symphony Center, Tennessee Performing Arts Center and the Frist Center for visual arts. The music industry brings in $6.38 Billion

Facilities: 1600 square feet with 34 seats, very favorable assumable 3 year lease with one 3 year option just negotiated and signed.

Competition: "...downtown restaurant temps diners with a wide array of fresh vegetables." - The Tennessean "... you also have total control over the balance of protein and carbohydrates in the meal." - THE rage "...lunch spot gives control over their meal at a remarkably affordable price." - The Nashville Scene

Growth/Expansion: Opportunity to increase sales with the downtown condos filling up, increasing tourists, the planned $635 Million Music City Center (over 1.2 million square feet of convention center and retail) and the addition of extended hours. Downtown Nashville has had 64.2% population growth from 2001 to 2007, 4 times overall growth for the Nashville MSA. Employee base is unskilled labor.

Financing: Na

Support/Training: Owner will provide 2 Weeks training and support.

Reason Selling: Other Business Opportunities

Business For Sale By

Branden Miller

615-238-5508

crye-leike.com

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