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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 $185,000.6
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.
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.
This is it! A truly once-in-a-lifetime opportunity…Walk in 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. 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 alone would cost at least $40K (based on a lease sale of one of the center’s leases in 2006). Most store owners have been here for 20+ years (none less than 9 years) and simply do not walk away…if they don’t sell their business, they sell their lease. 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 $70K wholesale. The store is chock full and ready for fall and the prime Christmas season. Don’t delay. Owners are ready to retire NOW and would consider owner financing to qualified buyer with 30% - 40% down payment.
Don't miss out on this rare opportunity to take over a seasonal café located in a busy tourist area in Gatlinburg TN. This established business has been in business for over 11 years. Numbers are based on being open Monday thru Saturday 11- 3:30 but new owners could expand the time that you are open by opening for breakfast or dinner. Restaurant is also seasonal but could also remain open later in the year. Lease is 1700 a month and is negotiable for length of lease. REDUCED 30,000 FOR QUICK SALE. Owner will consider partial trade for some of the equity.
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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