Profitable Lounge and Cafe for Sale Right Next to University of TN!

Knoxville, TN (Knox County)

We Sell Restaurants - Tennessee Restaurant Brokers
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Asking Price: $129,000

Cash Flow: $77,506

Gross Revenue: $178,636

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,749.50 /Month

Established: 2015

Profitable Lounge and Cafe for Sale Right Next to University of TN!

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Business Description

Current owner home with earnings of almost $80,000!

Located right next door to the University of Tennessee, this Lounge Cafe for Sale is Generating Sales close to $180,000 and is sending the current owner home with earnings of almost $80,000.
Located right off an interstate and also sits within walking distance to the University of Tennessee! That's right! The targeted demographic for this type of business is within a two-minute walk! With almost 30,000 students that regularly attend the University of Tennessee, you have a built-in customer base that will go crazy over all of the different flavors and experience of the lounge cafe for sale. Easily triple the current earnings when you take advantage of endless marketing opportunities that surround this favorite college past-time.
Though being practically on campus gives you the best advantage for your target demographic, the neighboring businesses and shops also contribute immensely to the amount of marketing that is available to you. Within a 3-mile radius, there are over several hotels, multiple university-affiliated and non-university affiliated apartment complexes, a major hospital, quite a few sports complexes, parks, and shopping plazas. You really have it all, being at the epicenter of the sprawling campus that houses different disciplines (law, music, medical, etc) on every side of this cafe for sale!
We Sell Restaurants has brought you the best in terms of location, but the advantages don't stop there. Monthly rent for this incredible cafe for sale is only $2,759 a month! With CAMS, insurance and taxes included, that is well below the market value for being featured on campus. The beautifully built 1,950 of square feet features University of Tennessee light fixtures, comfortable lounges, coffee tables, and a full bar. Though the location does not have a bar, you can still enhance the menu and drink options to open the possibilities for more business
If you are looking for a business that you don't have to sink all of your capital into all at once, this is the one! The Restaurant Brokers have the most lending resources and can get YOU approved in just weeks, not months. We Sell Restaurants will be with you every step of the way as you take over this open and operating Cafe for Sale and realize what an amazing opportunity this is!

Detailed Information

Real Estate:
Leased
Building SF:
1,950
Lease Expiration:
6/20/2019
Employees:
5
Facilities:
50 Hookahs 55 hoses 60 Bowls 35 Lotuses 1 soda refrigerator Three 40in TVs 1 display case Full sound system 2 printers 2 ipads 15 seven and eight seat sections 2 month supply of Coconut Coals
Competition:
Very profitable and cash cow
Growth & Expansion:
Middle of the University New clientele every semester room for growth no competition
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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Eric Gagnon

Business Listed By:
Eric Gagnon

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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