$1.1M+ Restaurant w/no competition -OWN THE TOWN! Must See this...

Murfreesboro, TN (Rutherford County)

Seller Financing Available
$1.1M+ Restaurant w/no competition -OWN THE TOWN! Must See this...
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Asking Price: Get Financing: $599,000

Cash Flow: $325,000

Gross Revenue: $1,145,000

EBITDA: N/A

FF&E: $300,000

Inventory: $8,000

Real Estate: $325,000*

Established: 1971

*not included in asking price.

$1.1M+ Restaurant w/no competition -OWN THE TOWN! Must See this...

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Business Description

***Business @$599K w/50% owner financing***Real estate & business @$999,000
Rare Find for investors seeking solid/ low risk ROI or owner-operators seeking a solid 'turnkey' business to oversee. REAL ESTATE with BUSINESS is a RARE FIND. Recent real estate appraisal available. Self-standing building with it's own large parking lot (much needed) has been the DESTINATION for 1000s in this smaller town (10 minutes outside Murfreesboro). This place is packed everyday at lunch & dinner with lines going out to the parking lot!!! No real competition for miles other than fast food offering far lesser quality than this well established 'independent'. Nothing to fix in this solid operation, but expansion opportunities do exist inside (ready) and outside (deck could be added by owner). Menu is extensive offering something for everyone's taste and all delicious.
New patio deck just opened June 2018...expanding much needed seating capacity by 64!!! Lines are shorter to get in now. Live music, TVs also just added. This place owns the town all day/night...must see.

Contact Tom Nilsen
615.838.5070
ttnilsen1@gmail.com
OR, click contact seller to request immediate details be sent to you>>>>>>>>>

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,000
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large self standing building with 3,000 sq ft dedicated to restaurant with 90 seats (usually full with line waiting at lunch & dinner times). Room to expand to over 120 seats, as needed. Fully loaded kitchen has everything to cook anything...plus this deal includes access to vast amounts of additional equipment in basement storage as needed. Parking lot is huge and fully dedicated to this business only. An additional 3,000 sq ft below the restaurant houses a nice (rentable) 2 bdrm 1 bath apartment (~1500 sq ft) and storage room for the business (~1500 sq ft). NOTE: An owner-operator may want to consider renting this nice apartment right on site or offering to GM or top cook. Discuss with owner/seller options of building an outdoor deck over available space he owns next door. new patio deck just added with live music stage, TVs, lighting, and 64 more seats!!! This will significantly grow sales starting now.
Competition:
This business has a virtual "lock" on 1000s of local customers who want great food, and need a wide variety of categories to choose from (making everyone happy). There are very few options that exist in this town besides fast food. This is the opposite of everything you'll find in greater Nashville or popular suburbs (super high rents, high risk competition, lower ROIs generally).
Growth & Expansion:
Too many options to list here. Call Tom Nilsen to learn more 615.838.5070.
Financing:
50% financing on business @$699K
Support & Training:
Complete and comprehensive training with owner as long as needed
Reason for Selling:
Retirement
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Tom Nilsen, MBA, Business Broker

Business Listed By:
Tom Nilsen

#1 Keller Williams Commercial "We Sell" Team

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