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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.4
LOOK, SEE OPPORTUNITY, FALL IN LOVE, MAKE OFFER! SMALL RESTAURANT BUSINESS & 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. Lots of traffic driving by, and lots of local and tourist potential. TURN-KEY RESTAURANT. Commercial Kitchen and/or 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. 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. If you ever wanted to have your own restaurant, now's the time. This is a growing area with new businesses planning to build. You can learn this business in no time and current owners will train you. This is truly a TURN-KEY restaurant. 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 RESTAURANT NOW.
Priced to sell. Turnkey owner operated business operating as a Home Accents (20%), Gift (20%), and Toy (60%) Store located in Gatlinburg, TN. Nestled in the heart of downtown at Traffic Light #6 across from Ripley's Aquarium. New inventory arriving daily. We operate the business 5 days a week and have part time help that operate the store 2 days a week. Completely turnkey and ready to operate on Day 1. I have the website domain established but need more products added. With July's numbers just about in, projected sales for this year is $185,000.
Sevier County, TN
Branded gas station, C-Store and deli available in tourist location of Sevier County. Surrounded by the Smokey Mountain, Dollywood, Gatlinburg and so many other tourist attractions. This gas station is 17 years old and is in a rebuilding stage after the previous owner stopped selling gas for 6 months. Tremendous regrowth already underway. There are 3 double-sided fueling islands under a canopy, 1 diesel double-sided and 1 kerosene/100% gas fuel pump. This includes (1) 10,000 gallon tank, (2) 8,000 gallon tank and (1) 2,500 gallon tank. The tanks are fiberglass, double layer and all the tanks are below ground. Gas station is doing around 15,000 gallons of regular/month, 1,200 premium/month and 1,200 diesel/month. In the last 6 months, the C-Store has had $225,000 in sales, Gas has $340,000, lotto is $66,788 and various other income streams totaling another $35,300. Includes $60,000 FFE and $50,000 inventory. This location has a car wash that has been converted into a lawn mowing repair shop that brings in $600/month income. Location includes a deli and small kitchenette, a storage and office combo, 2 bathrooms and separate storage in the back. Huge opportunities to growth this business back to where it was previously was in sales at $930,000 in gas and $720,000 in C-Store sales. This seller is moving out of state and is willing to entertain any reasonable offer. For more information, please call 1-877-735-5224.
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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