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Oldest Restaurant in TENNESSEE" / Downtown Tourist Hot Spot-Nuff Said!

Nashville, TN (Davidson County)

Seller Financing Available
Oldest Restaurant in TENNESSEE
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Asking Price: $179,000

Cash Flow: $123,195

Gross Revenue: $336,000

EBITDA: N/A

FF&E: $50,000

Inventory: $2,000

Rent: $1,975 /Month

Established: 1907

Oldest Restaurant in TENNESSEE" / Downtown Tourist Hot Spot-Nuff Said!

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Business Description

***UNDER CONTRACT****

Reduced to $179K!?!?! Move FAST. You'll never see this opportunity again.

Key Features of this rare & unique opportunity:

* This 'Historical Treasure' owns a key "#1 ranking" among all Nashville Restaurants!
* Location, Location, Location in the heart of the fastest growing city in America
* Ridiculous low rent => transferable to new owner!!
* New 45-story residential skyscraper & 3 new boutique hotels just opened next door!!
* Tourist traffic is exploding...and this is UNIQUELY Nashville!
* 5-star Social Media ratings, New website recently launched
* Award-winning recipes included :)
* Highly Unique / Can't be copied / 'Time-capsule' dining experience

ALL TOURS & OWNER MEETINGS MUST BE SET IN ADVANCE.
CONTACT: TOM NILSEN 615.838.5070 OR CLICK "CONTACT SELLER" >>>>>>>

Detailed Information

Location:
Nashville, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
7/31/2019
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Key Features: * Shocking LOW rent = $1975/mo...transferable to new owner * Fully loaded kitchen w/3 hoods, grills, fryers, coolers, ovens, etc. * Owner including antique/fully operational cooking equipment and historic wall decor * Highly efficient operation serves & turns 3-4 tables per hour
Competition:
Market Pros: * Uniquely Nashville / #1 Record Setter! * Great social media review and word-of-mouth advertising * 'Good Will' beyond compare * Rapidly growing tourist/business foot traffic * The list of opportunities is long; ask broker for details Market Cons: none.
Growth & Expansion:
You know the saying: "If It's Not Broke... Keeping this landmark the same would be smart!! Immediate Growth Drivers: 1) remain open BEYOND 2:30pm weekdays 2) BEGIN opening on Saturdays 3) add catering to 100s of nearby office buildings 4) align w/neighboring hotels for co-promotions or other marketing strategy 5) Launch Tourist Marketing featuring Nashville's 1st Restaurant!!
Financing:
possibly, if conditions are met
Support & Training:
Complete training, including their award-winning/famous recipes! Owner will work with the new owner as long as needed following sale of business to ensure a successful transition!!
Reason for Selling:
Retirement
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Tom Nilsen, MBA, Business Broker

Business Listed By:
Tom Nilsen

TNT Business Brokers / "We Sell" Team

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