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Established Bar & Grill

Knox County, TN

Bar & Grill
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Asking Price: $1,069,000

Cash Flow: $401,955

Gross Revenue: $1,684,137

EBITDA: N/A

FF&E: $105,000

Inventory: $16,000*

Rent: $6,750 /Month

Established: 2012

*not included in asking price.

Established Bar & Grill

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Business Description

Established Bar and Grill located in Knox County Tennessee where it produces revenues of nearly 1.7 million yearly with owner’s discretionary cash flow topping 400k yearly. A favorable lease that impacts less than 5% 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 offers up a diversified menu above the standard bar and grill staples. Watch the big game on one of the many flat screen tv’s, shoot a game of pool or become active in one or all the video or participation activities. Enjoy the indoor bar and grill atmosphere or when weather permits take your visit outside and enjoy the outdoor patio.

Detailed Information

Location:
Knox County, TN
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
16f-22p
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a free-standing building with 5000 square feet of space offering ample room for kitchen and bar/dining. Inside offers smoking and nonsmoking areas. Seats 140 comfortably inside and 40 additional outdoor seating on a spacious patio. Inside offers pool tables, darts, video games and other active entertainment. Occasional live entertainment and outdoor activities as scheduled. Pool tables and pay games contracted other business and all profits split 50-50. Entertainment revenues average 34k yearly.
Support & Training:
30 days
Reason for Selling:
Other business
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(from currently available funds)
 
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Darrel Sheley

Business Listed By:
Darrel Sheley

TNbusinessbrokers

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