10% Price Reduction-Restaurant/Bar at Unbelievably Low Price

Washington County, TN

10% Price Reduction-Restaurant/Bar at Unbelievably Low Price
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Asking Price: Get Financing: $119,500

Cash Flow: N/A

Gross Revenue: $640,000

EBITDA: $150,000

FF&E: $75,000

Inventory: $1,500*

Lease Rate: $4,410 /Month

Established: 2010

*not included in asking price.

10% Price Reduction-Restaurant/Bar at Unbelievably Low Price

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Business Description

If you have wanted to own your own restaurant and bar, here is an opportunity to buy one in a prime location that is priced way below the cost to build and open a new one. This one has it all and won't last long. I have full details but you will be required to sign a confidentiality agreement to protect the seller's business.

The full service bar is an added benefit that generates healthy sales, profit margins, and customers for the restaurant.

If you do not live in the Tri-Cities area, Johnson City is rated as one of the top 10 best places to live. It is one a path to equal Asheville, North Carolina but at more reasonable costs, across the board. Check out Johnson City at www.johnsoncitytnchamber.com and discover a great place to live to go with owning and operating this exceptional restaurant. This can be yours but you have to act fast; this won't last long at this price.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
4/17/2021
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Complete turn key restaurant and nice bar combination. Everything needed for the business comes with the purchase. Cash flow from the first day. Current owner spent well over $150,000 equipping and remodeling this leased space into a nice sit down casual restaurant and bar. Lease has 3 years remaining on the initial term and a renewal option. Rent is $4,410 per month, all inclusive except for electric which is a flat $1,500 per month. Abundant parking adjacent to a major generator of restaurant and bar customers. Facilities are in good shape; there is nothing else to do.
Competition:
There is competition in the market but few competitors have a full flown bar that generates 50% of revenue , established regular customers, and an obvious new potential add-on that has the potential to boost revenue by another 50% (which will be explained to qualified buyers in the opportunity summary).
Growth & Expansion:
Business has been consistent but could be easily boosted with menu enhancement. Additional marketing and promotion would definitely bring in more dining customers.Details on recommended revenue enhancers are covered in the business opportunity summary. If you are interested in own a bar, this one is ideal for expansion of bar operations and refinement of food service away for Asian focus. Some would say that is a better use of this exceptionally located property.
Support & Training:
Will stay and train in all aspects of the business for up to 4 weeks.
Reason for Selling:
Seller wants to spend more time with family (children).
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(from currently available funds)
 
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Ramon Sanchez-Vinas

Business Listed By:
Ramon Sanchez-Vinas

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