Nathan F. Goldstein, Chief Executive Officer Mr. Goldstein is a highly creative and performance driven investment leader who participated in raising more than $1 billion dollars to launch and expand emerging growth businesses. During his successful investment banking career, he helped advance numerous growth companies from inception through their final preparation for an IPO in such sectors such as Internet, Medical, Life Sciences, Retail, and Telecommunications.
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 $395,000 for restaurant operations; seller owns underlying real estate and will provide long-term lease at $5,000 per month (net) • 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! Millions of Tourists pass through here every year - voted #1 Family Vacation Destination year after year! Home of Dolly Parton, Dollywood, and the Great Smoky Mountains National Park! SEE SALES PROJECTIONS in FINANCIAL SECTION. Our projections are based on 2nd-year increases and expanded hours or heavier reliance on catering opportunities. Catering service is year round, the restaurant is closed for the winter season (Jan-Mar 2016 - but can be open year round). NOW is the PERFECT time to buy so you can make a smooth transition into the busy season coming up. Good local traffic and huge tourist potential. Grow at your own pace, work as much or little as you like. Fully trained staff members have expressed their desire to continue working here. TURN-KEY RESTAURANT & COMMERCIAL CATERING KITCHEN. Local and Tourist 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! DO NOT EMAIL WITH QUESTIONS - NO - zero - zip - INFORMATION IS GIVEN OUT VIA EMAIL. YOU MUST CALL FOR INFORMATION OR TO MAKE AN APPOINTMENT TO VIEW THE RESTAURANT. You can drive by first if you like, then if you're interested, give us a call. We want you to see the business and decide that you're interested before we release any information. Large school across the street, best in the area, serves K-8, almost 800 students, and about 100 employees - after school sports and other activities! Many workshop type businesses in the area, Fire Department just down the street. Hungry folks looking for good food! This local favorite has an excellent reputation, known for quality, convenience and good 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! MAKE US AN OFFER WE CAN'T REFUSE! BUY IT NOW! Where's the Add to Cart button? If you ever wanted to have your own restaurant, now's the time. You will not find another opportunity like this in the area. You will not be able to build it out for the price we're asking. This is truly a TURN-KEY, well-equipped restaurant - you can start tomorrow! :) This Cafe & Catering Business 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 HEADACHES, TIME AND MONEY BY BUYING A TURN-KEY - ESTABLISHED - RESTAURANT NOW. Full training of the new owner/s 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.
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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