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.
This pizza franchise is an exciting business with lots of room for growth. It is located in a high profile area in Knoxville. It’s in the end cap of a shopping plaza with plenty of parking and right next to popular shops and other dining options. The restaurant is modern, crisp, and family friendly. Besides a large dining area, there is a beautiful bar area with additional seating. This restaurant offers tremendous value to the new owner as the build-out cost over $600,000. Also, impressive is the extensive kitchen equipment, which is worth $230,000 all on its own. The business grosses $1.2 million annually. This is an excellent opportunity to gain a great operation, beautiful build-out, and popular brand all at once. Call us to schedule a showing today.
Established Deli for Sale in Downtown Knoxville – Just minutes from The University of Tennessee Knoxville's Neyland Stadium! This office Deli for Sale has gross sales of more than $300,000 in 2014! The business is located on the ground floor of Knoxville’s tallest office building and serves over 200 meals a day consisting of roasted whole, herb-rubbed turkeys, simmer prime, fork-tender corned beef and slow baked maple glazed, bone-in Virginia ham! Open Monday – Friday for breakfast and lunch, this well established Deli for Sale opened its doors in 2007 to a captive audience of hundreds of hungry professionals. This Deli for Sale offered by the Restaurant Brokers in Downtown Knoxville is established at a great location with amazing rent! Why not open on the weekends and take advantage of 1000’s of hungry sports fans? The business offers 1,100 square feet plus an extra storage room, sixteen indoor seats and a beautiful communal out door courtyard. The owner has two more years on the current lease with one ten-year option. The rent is already low at $2,000 per month but will go down to $1,300 at the beginning of the renewal extension! The city of Knoxville is situated at the headwaters of the Tennessee River where the French Broad and the Holston Rivers converge, and lies in a scenic valley in the shadows of the Great Smoky Mountains and the Cumberlands. Voted as one of the best small cities to live in the U.S., more than 60 million Americans are within a day's drive of Knoxville. If you are an experienced operator, just out of culinary school looking for your first restaurant to own, or semi-retired and want an ideal setup without the nights and weekends associated with owning a business, this Deli for Sale is the perfect opportunity. Serve a limited menu during short hours and hit the golf course on the weekends or take advantage of the growing evening and weekend traffic Downtown Knoxville and increase your revenues. Rare opportunity for an office Deli for Sale restaurant that generates high volume with short operating hours. Please sign an electronic confidentiality agreement and obtain the name, address, and the ability to view additional photographs of this opportunity. If you have any questions please call your Certified Restaurant Broker, Mitzi Matlock, 615-988-9788.
This Cafe is a country style breakfast and lunch place located in Knoxville. The business is being offered for sale along with the real estate. The current owner has owned the cafe for over 20 years. It is located in a very busy area with tremendous potential to grow. The cafe serves burgers, hot dogs, a variety of sandwiches, breakfast items, special hot meals / lunches, salads, desserts, sides and drinks. This is a favorite spot for many. They are asking $350,000 for the real estate building and lots and $99,000 for the business goodwill, equipment, furnishings and inventory for a total purchase price of $449,000. Excellent opportunity to own and operate a nice restaurant in a good location and own the real estate as well.
The pizza industry commands over $30-billion in sales each year. You've found a huge, growing market, and as a territory franchise partner, you have a huge opportunity to take advantage of the ever-growing pizza market. This opportunity comes with tremendous growth potential and unlimited opportunities for expansion.
This is a well established pizza, subs and Italian grill located in a community on the outskirts of West Knoxville. They provide take-out, dine-in and delivery options. Seats 48. The grill serves a large variety of pizzas, pasta dishes, subs and pitas as well as calzones, stromboli's, burgers, sandwiches, appetizers, salads, kids meals, desserts and drinks. It is a very popular place in the community with a reputation for excellent food and pizza - just ask anybody! Large kitchen and storage areas with more than enough equipment needed to operate efficiently. Owner needs to sell quickly due to illness in family.
Asian style restaurant with 22 years of proven success. The environment is warm and welcoming, and the food is even better! They have become the premier locally owned Asian fusion restaurant destination, and are one of the longest standing Asian restaurants in town. This establishment is located in the center of a strip mall on a busy main road. Great growth potential by adding catering and advertising. This is an incredible opportunity for an owner/ operator.
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