Well Established Restaurant in Tourist Destination

TN

Well Established Restaurant in Tourist Destination

Asking Price:$550,000

Cash Flow:$226,000

Gross Revenue:$941,600

EBITDA:N/A

FF&E:$30,000

Inventory:$7,500*

Real Estate:$1,000,000*

Established:2012

*not included in asking price.

Well Established Restaurant in Tourist Destination

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Business Description

Great opportunity to own a 6000 square-foot restaurant and grill that sits on 1.33 acres of land bordered by a national park. This is a unique and popular eatery that offers a variety of options such as fresh fish, seafood, steaks, and much more. With the beautiful setting and in-house catering this location has become a great destination for those special events and wedding receptions. In 2015 they saw nearly 200 events scheduled and the 2017 calendar has approx. 60 dates already reserved. The 2016 gross revenue is up 37% form the same period in 2015.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
8FT & 7PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The land is for sale at $1.5M and sits on 1.33 acres.
Support & Training:
2-4 weeks negotiable
Reason for Selling:
Retirement

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Jason Barnes

Business Listed By:
Jason Barnes

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