Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$575,000	Inventory	$10,000**
Gross Income	$1,200,000	Real Estate
Cash Flow	Not Disclosed	Year Established	2005
FF&E	$550,000*	Employees	28

* included in the asking price

** not included in the asking price

East Memphis icon restaurant looking for experienced restaurateur. Currently in need of serious seasoned owner/operator to build on current operations. At present owned & managed by non food service team and great room for growth to the bottom line. 2006 & 2007 sales figures of $1.2 million and 2008 projection of $1.4 million. Catering opportunities abound with this location and setup!!! Completed full renovation in mid 2005 and spent over $550000 in new equipment & leasehold improvements. Equipment still under warranty and first class upscale build out. Excellent lease in class A space. Ownership willing to consider financing $375000 with $200000 down for highly qualified prospect. Serious buyers only! Call Jeff at 901-552-4183 with The Restaurant Store or visit our website at www.restaurantstore.com

Financing: Willing to consider financing of $375000 / $200000 down

Reason Selling: Non F&B management firm looking for experienced operator