Profitable Independently-Owned Restaurant & Bar in Prime Location

Johnson City, TN (Washington County)

Profitable Independently-Owned Restaurant & Bar in Prime Location
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Asking Price: Get Financing: $325,000

Cash Flow: N/A

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $150,000

Inventory: N/A

Lease Rate: $3,333 /Month

Established: 2006

Profitable Independently-Owned Restaurant & Bar in Prime Location

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Business Description

Turn-key Profitable Restaurant and Bar with great reputation

True-profit, well-established, locally-owned restaurant with a loyal customer base, great seasonal menu concept, well maintained, and well-trained staff. Ranked in the top 10 of all search engines and review sites. Perfect for an entrepreneur to take over and expand.
The restaurant offers unique bar concepts that attract a wide range of clientele while its menu offers a variety of options from business functions to parties with friends and families.
This is a turn-key opportunity for anyone who is ready to get into the restaurant business. The restaurant has a great reputation and is highly profitable. The business has no current liabilities and attractive lease term (under the market price) that is transferable to the new owner.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,300
Lease Expiration:
N/A
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All fixtures, inventory, and equipment are included in the asking price.
Competition:
A well-known staple restaurant in the area. Most other restaurants in the areas are chain and customers often look for locally-owned and operated concepts. You can enjoy the instant cash flow and profits without having to pay the royalty fees as in the purchase of a chain restaurant.
Growth & Expansion:
Profits and sales been growing in sales every year since we've opened with proven records. There are plenty of opportunities to expand (i.e. catering and weddings).
Support & Training:
Owner will be willing to train and help with the transfer period.
Reason for Selling:
Owner has other businesses that demand time and energy.
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Business Listed By:
Alex Michaels


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