Restaurant with Real Estate Option

Newport, TN (Cocke County)

Seller Financing Available
Restaurant with Real Estate Option

Asking Price:$250,000

Cash Flow:$75,000

Gross Revenue:$800,000

EBITDA:N/A

FF&E:$40,000

Inventory:$16,000

Real Estate:$450,000*

Established:1982

*not included in asking price.

Restaurant with Real Estate Option

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Business Description

Long standing, profitable restaurant offering high end steaks, seafood, and other delicious menu items for over 33 years. Warm and charming atmosphere with weekly menu specials offering unique flavors and pairings. Serving lunch and dinner and separate space for special events. Own a part of history! Real Estate optional with possible lease back. Contact Shannon Cathey at 256-289-1564 or Shannon@Prime100BB.com

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4.5 +/- acres on 2 separately deeded lots. Property consists of 3 buildings, restaurant, banquet hall and garage. Banquet Hall is 4800 sq ft on 2 levels (2,400 sq ft each level)
Competition:
Little
Growth & Expansion:
Strong
Support & Training:
Yes
Reason for Selling:
Retirement

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Shannon Cathey

Business Listed By:
Shannon Cathey

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Rich DeLuca

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