Profitable Restaurant with Great Reputation

Knox County, TN

Profitable Restaurant with Great Reputation
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Asking Price: $199,000

Cash Flow: N/A

Gross Revenue: $519,215

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $1,800 /Month

Established: 1999

*not included in asking price.

Profitable Restaurant with Great Reputation

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Business Description

Established Restaurant in the Community

An established 20-year old restaurant that opens for lunch and dinner is now available for sale in the greater Knoxville area. Great location that has regular clientele and out of town visitors due to all the great online reviews. The owners are great stewards in the community and have theme nights that include Karaoke and Bands. An outdoor deck is an added bonus for patrons on pleasant East Tennessee days. Menu includes burgers, chicken, steak, sandwiches and great entrees. Restaurant does serve beer, wine and liquor. This is a great opportunity to run a profitable restaurant that did sales of over $600K in 2018.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
N/A
Facilities:
There are booths, tables and chairs for approximately 150-170 people. There are two years remaining on the lease that is $1,800 per month.
Competition:
There are other restaurants in the area but few with this long standing relationship in the community with a great reputation.
Growth & Expansion:
Growth opportunity is to be open on Sundays; add catering and delivery services.
Support & Training:
2 weeks
Reason for Selling:
retiring
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Doug Kose

Business Listed By:
Doug Kose

Transworld Business Advisors of Knoxville

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