Knox County, TN

Bar and Grill
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Asking Price: $1,199,000

Cash Flow: $389,348

Gross Revenue: $1,684,137

EBITDA: N/A

FF&E: $115,000

Inventory: $16,000

Rent: $6,750 /Month

Established: 2012

Bar and Grill

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Business Description

An established Bar and Grill settled in an active Central East Tennessee location where it produced revenues of nearly 1.7 million in 2018 with owner’s discretionary cash flow pushing 390k yearly. A favorable lease that impacts less than 6% of occupancy cost. The lease is assumable with additional options for the new buyer. Business is producing a steady 5% per year increase in revenues the past three years.
The bar offers a full-service bar with a moderate selection of draft and bottle bears. The grill provides a diversified menu above the standard bar and grill staples. Watch the big game on one of the many tv’s, shoot a game of pool or become active in the video or participation activities provided. Enjoy the indoor bar and grill atmosphere or when weather permits take your visit outside and enjoy the outdoor patio.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
8/20/2023
Employees:
16f-22p
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5000 sq. ft. free standing building with present lease through 8/2023 with five year option. Complete restaurant kitchen and bar facilities. Inside seating over 140 with outside adding over 40 seats. Pool tables, video games and other active entertainment activities. Table and games contracted with business receiving 50% of revenues. Entertainment revenue tops 32k yearly
Support & Training:
Thirty days training
Reason for Selling:
Other business opportunities
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(from currently available funds)
 
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Darrel Sheley

Business Listed By:
Darrel Sheley

TNbusinessbrokers

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