23-Yr Landmark Restaurant 'Destination' / A+ Downtown Location!!!

Nashville, TN (Davidson County)

Seller Financing Available
23-Yr Landmark Restaurant 'Destination' / A+ Downtown Location!!!
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Asking Price: Get Financing: $229,000

Cash Flow: $124,000

Gross Revenue: $380,000

EBITDA: N/A

FF&E: $50,000

Inventory: $3,000

Lease Rate: $1,875 /SF/Month

Established: 1995

23-Yr Landmark Restaurant 'Destination' / A+ Downtown Location!!!

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Business Description

Rare Opportunity to own a turnkey restaurant in the heart of downtown Nashville. Perfect for owner-operators. Explosive growth and customer traffic growing daily!! Skyscrapers and hotels opening within a block of this prime location. 23 years success by single owner who opened in 1995 has made this a landmark among Nashville restaurants & grills. Well-established loyal customer of 1000s. The 'Go To' place for breakfast & lunch only. Prices are low (could be raised easily). Rent is super low. Neighboring businesses are fun/great. Development explosion across the street with new hotels, tallest condo building in the city. Grow this business 50% - simply stay open past 2:30pm closing time & add Saturdays. Add catering/delivery to corporate offices. The sky's the limit here. A MUST see! Mega Pride of Ownership!!

CLICK "CONTACT SELLER" TO RECEIVE NDA & DETAILS>>>>>>>>>>>>

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,650
Lease Expiration:
6/30/2020
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
LOCATION LOCATION LOCATION...this is a 'goldmine' in the heart of the fastest growing city in America!! 2-story location allows easy storage upstairs. High value restaurant with seating for 30+ customers who just don't grab n go. 1,650 sq ft operation on main level. Fully loaded kitchen has everything: large hood, fryers, grease trap, walk-in coolers, large grill, new prep table, fountain machines, ice-makers, and much more. New owner could add stairs to expand into 2nd floor dining.
Competition:
Usual competition in fast food category, but this business has many advantages: 1) independent vs franchise, 2) very well-known, 3) fresher food delivered immediately, 4) fun atmosphere to eat & 'people watch'.
Growth & Expansion:
Immediate sales and net income growth opportunities: 1) stay open until 6pm weekdays, 2) open on Saturdays, 3) run ad fliers into all surrounding office buildings to announce catering for breakfast or lunch meetings, 4) launch social media plan. Broker can discuss various ways to drive growth, even though growth is happening already with massive developments all around!!!
Support & Training:
Complete and comprehensive. Owner has emotional attachment to his business after opening it 23 years ago...wants to ensure continued success. Trademark name and website is included.
Reason for Selling:
Owner needs a change after 23 years; plans to re-launch his carpet business
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Contact the Seller

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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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