Entrepreneurs invest many years building successful businesses. Selling your business, or buying an existing one, is a life-changing event. It is the mission of Truforte to help goal-oriented individuals realize their dreams. Our professionals have successfully handled hundreds of business sales throughout the USA for buyers and sellers. This provides valuable experience that better qualifies Truforte to help with the purchase or sale of your business entity. Business brokers are intermediaries who facilitate the sale of privately held businesses by working with both buyers and sellers. Confidentiality is critical to the successful transfer of a business. If it becomes known that a business is for sale, several things start happening and none of them are beneficial for either the seller or buyer of the business. Professional intermediaries are keenly aware of this and are experts at maintaining confidentiality. Truforte's professionals have decades of experience, handling the sale of hundreds of businesses in a wide range of size and industries.
SUMMARY • East Tennessee family restaurant and landmark since 1939 • 75 years of continuous operation • 40+ years of uninterrupted profitability under current owner • 2014 sales of $770,000; net cash flow of $182,000 before rent, or $122,000 as-if leased • Sale price of $475,000 for restaurant operations only; underlying real estate also available for purchase • Down payment as low as 10-15% with potential combination of SBA financing, seller financing and/or lease-back arrangements • Opportunity to substantially increase net cash flow through addition of breakfast/Sunday operations (currently open six days, lunch and dinner only) • Central location in historic downtown area of family-oriented, mid-sized city at the foothills of the beautiful Smoky Mountains INTRODUCTION The Little Dutch Restaurant (“Little Dutch”) is being made available for sale to qualified buyers. The Little Dutch, a family-owned and operated restaurant in Morristown, Tennessee, has been a local landmark since 1939. The restaurant has been owned and operated by Mr. George Angelos and family of Morristown since 1973. Mr. Angelos is offering the restaurant operations and real estate for sale in connection with his planned retirement. HIGHLIGHTS The Little Dutch (www.littledutchrestaurant.com) is a family restaurant that focuses on providing a variety of high-quality cuisine at a moderate price point. The restaurant enjoys an impeccable reputation throughout Morristown and the surrounding area as a result of its outstanding food, reasonable prices, personal service, and welcoming atmosphere. The loyalty and reputation that the Little Dutch enjoys in the community can be objectively measured through more than 40 years of uninterrupted profitability and a repeat customer base which accounts for an estimated 95% of total revenues. The Little Dutch restaurant was recently featured on the PBS television show “Tennessee Crossroads”. A link to the brief video, which highlights the long history of the Little Dutch and its significance in the local community, can be found at www.youtube.com/watch?v=q_SeHAY7b0c. Other key characteristics include: Financial o For the twelve months ended September 30, 2014 (reflecting current operations six days per week, lunch and dinner only): o Sales of approximately $770,000 o Net Cash Flow to Owner of $182,000 (or Net Cash Flow As-If Leased of $122,000) o 24% Cash Flow margin (or 16% as-if leased) Operations o Open for lunch and dinner Monday through Saturday; closed Sundays o Average 270 customers per day (150 lunch / 120 dinner) o Estimated 95% of total revenues from repeat customers o Premier catering businesses for corporate and group events o Alcoholic beverage sales currently include beer and wine only Facility o 180-guest dining room capacity o Estimated 3,600 square feet of dining room area o 60+ dedicated parking spaces o $185,000 renovation completed in 2004 Market Opportunity o Operations can be readily expanded to include breakfast, lunch, and dinner, seven days per week, with no additional capital investment and minimal incremental overhead, thus substantially enhancing profitability o Potential to further enhance profitability through the addition of spirit sales o Central location in historic downtown area of family-oriented, mid-sized city The Little Dutch menu, available for review on the website, includes a variety of American, Italian, and other favorites for lunch and dinner and is widely regarded for its salad bar and soups.6
RESTAURANT, CATERING & COMMERCIAL KITCHEN FOR SALE in Sevierville, Tennessee! Newly remodeled cafe located in Sevier County in the Smoky Mountain region among local residents and businesses. Good local traffic and huge tourist potential. Grow at your own pace, work as much or little as you like. Fully trained-staff will most-likely desire to transfer to you. TURN-KEY RESTAURANT & Commercial Catering Kitchen. Year round business, local favorite, good reviews, active on social media with a good following. Small indoor seating area, large take-out operation, plenty of outdoor seating and parking, expansion potential. Fully (and nicely) equipped kitchen with excellent traffic flow pattern. Cater to all the tourists, weddings and conventions in this gorgeous and friendly tourist area. Lower cost of living, low property taxes, no state income tax! This local favorite has an excellent reputation, known for quality, convenience, quick service, good prices (not cheap or expensive) and amazing food! The restaurant and building itself are in very good and clean condition showing pride of ownership and management. We're a short drive to Dollywood and all the main attractions in Sevierville, Pigeon Forge and Gatlinburg, Tennessee. We're that hidden gem that all the tourists look for and the locals appreciate! It can be your little dream restaurant! If you ever wanted to have your own restaurant, now's the time. This is a growing area with new businesses moving to the area. You can learn this business in no time and current owner will train you. This is truly a TURN-KEY restaurant. We're open now - you can start tomorrow! :) This Cafe will be a dream come true for one lucky person or family! BUY IT FOR LESS THAN YOU WOULD HAVE TO PUT INTO IT IF YOU STARTED FROM SCRATCH. SAVE YOURSELF THE HEADACHE, TIME AND MONEY BY BUYING A TURN-KEY - ESTABLISHED - RESTAURANT NOW. Full training of the new owner is offered along with introduction to the marketing avenues and connections that can be used to create your successful business. An example of this great deal is in the details of one catering event. If a new owner books one good catering event per week, it can cover the whole month of building expenses, another one the next week will cover your payroll, and so on, while the restaurant creates your profit. Grow at your own pace.3
This is it! A truly once-in-a-lifetime opportunity…Walk in, take over and start earning money your first day as the owner of your own business! Often referred to as "the cutest little store I've ever seen!" We’ve done all the work and you can reap the rewards. Twelve years of cultivating the most loyal customers found anywhere through good ole fashioned excellent customer service and the most sought after personalized products available. Moreover, this charmingly designed and themed business is located in the epicenter of the Gatlinburg-Pigeon Forge hospitality and entertainment corridor. The gateway to the nation's most-visited national park (Great Smoky Mountains National Park), between 8-10 million visitors arrive each year to enjoy the area's numerous theaters, amusement parks (such as nationally-known Dollywood), outdoor activities, music...and shopping. The sale price of $149,900.00 includes ALL INVENTORY, furniture, fixtures, display units, slat wall accessories, computers, printers, storage shelves, store decorations and small appliances. Proprietary artwork, logos, brochure designs and television commercials will also convey to new owners, as will a robust Amazon storefront and well-established website. It's important to note: The figures furnished are based on 10 months. The store is closed January and February each year. We did, however, open three weekends in February last year. Of course, your figures would increase should you open year round. Two weeks' training and free unlimited phone consultation for one year are included. (Additional training time available for a fee, if desired.) You could not set up this store (or any like it) for less money. The location is prime with the best rent and landlord in the city of Gatlinburg. For your comfort, there is a mini-apartment and ample inventory storage area in the rear of the store. During non-peak seasons, relax and watch TV, read or catch up on personal business in between customers. Currently, the inventory is approximately $75,000.00 wholesale ($150,000.00 to$180,000.00 retail). The store is chock full and ready for the Christmas season (just returned from a gift show and have new stock arriving daily). You would not need to purchase new stock for many months (with the exception of burns). Don’t delay. Owners are ready to retire NOW and would consider owner financing to qualified buyer with 30% - 40% down payment. Please reply with a description of your business background, when you plan to purchase a business, your investment capability, and your interest in this business.
Knox County, TN
This opportunity features 2 hotels, located in Knox County, that are well established franchised hotels. Both locations are popular tourist choices and a proven staple for clean rooms and bar-none customer service. Conveniently located in between Knoxville and Pigeon Forge/Gatlinburg tourist attractions. Both hotels have an average of $1.2MM Gross Sales and maintain over 50% occupancy rates year round. Both hotels take reservations but also take walk-ins with rooms available for any person needing a room at either location. Both locations have wonderful features and offer free breakfast, as well as Wi-Fi. This opportunity is a great option for any buyer looking for outstanding profit, very little overhead, and endless growth potential.
Mountaintop property consisting of 121 acres, 14 cabins (2 unfinished), 2 enclosed pavilions for large functions, log wedding chapel, 8 bedroom/ 10 bath chalet, and an office building. Appraised value $5,086,400 available for $4,500,000. Revenue for renting the cabins and wedding chapel will generate $500,000 gross revenue. The view is spectacular, overlooking Gatlinburg and surrounding mountains. If you are looking for a passive investment or a hands on business with a ton of upside potential, this is it. Sellers will set up a management company to handle rentals if you prefer. This property is well known for its spectacular weddings. Room for development.
- ESTABLISHED CLIENTELE WITH TWO DIFFERENT ATMOSPHERES UNDER ONE ROOF - GREAT LOCATION IN THE HEART OF GATLINBURG | REAL ESTATE IS NOT INCLUDED IN THE SALE OF THE BUSINESS, BUT LONG-TERM LEASE IS AVAILABLE - BUSINESS, EQUIPMENT & LEASED SPACE [BUYER TO ASSUME THE LEASE] IS INCLUDED IN SALE OF BUSINESS, MAKING THIS AN EASY WAY FOR A BUYER TO STEP INTO A THIS VENTURE AND ENJOY RUNNING AN EXCITING BUSINESS IN A FUN LOCATION - CONTACT BROKER FOR A NON-DISCLOSURE/CONFIDENTIALITY AGREEMENT IN ORDER TO RECEIVE SPECIFIC DETAILS AND FINANCIAL INFORMATION
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