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Popular Bar & Grill (Reduced)

Knox County, TN

Bar & Grill
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Asking Price: $995,000

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

Popular Bar & Grill (Reduced)

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Business Description

Popular Bar and Grill in Knox County with revenues over $1.6 million per year and owner’s discretionary cash flow topping $400k yearly. Equipped with a well-stocked and efficient operating full-service bar with a quality selection of draft and bottled beers. The Grill offers up a diversified menu a step above the basic bar and grill offerings. You can watch the big game on one of many large flat screen TV’s, shoot a game of pool or be active in the video or participation activities. A great indoor bar and grill atmosphere and when weather permits enjoy the large outdoor patio.
With steady yearly increases the past three years and a rent factor that is less than 5% of total revenues this business is built for success.

Detailed Information

Location:
Knox County, TN
Inventory:
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:
Situated in a free-standing building with 5000 square feet of space providing ample room for the full service kitchen, bar, dining and activity space. Inside offers smoking and non-smoking areas. Seating inside for 140 quest and an additional 40 on the outdoor patio. Activities include pool tables, darts, video games and other activities. With weather permitting live entertainment is provided on the outdoor patio. Pool tables and pay to play games are contracted out and bar receives 50% of the revenue averaging $34k yearly.
Support & Training:
30 days
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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