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Reduced-Established and Delightful Restaurant

Oak Ridge, TN (Anderson County)

Seller Financing Available
Reduced-Established and Delightful Restaurant
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Asking Price: $329,000

Cash Flow: N/A

Gross Revenue: $343,579

EBITDA: N/A

FF&E: N/A

Inventory: $10,000

Rent: $2,741 /Month

Established: 1994

Reduced-Established and Delightful Restaurant

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Business Description

An established and local favorite breakfast/lunch option in the greater East Tennessee area. The restaurant was founded over 20 years ago and has been run by the same owners. There is a loyal customer base that comes from Anderson, Knox, Tellico, Maynardville, Chattanooga and Sweetwater as well as local celebrities frequent the establishment. Catering has been a nice compliment to the business.

Detailed Information

Location:
Oak Ridge, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
N/A
Facilities:
The restaurant specializes in making bagels, artisan breads and pastries from scratch. Online reviews are strong as this is a favorite place to go in the area. This business will provide you with a satisfying mix of celebrity, profitability and the ability to work with some of the areas most interesting clientele.
Competition:
One of a kind restaurant in the area. People come from all over the Southeast to eat here!
Growth & Expansion:
Growth opportunity is to add dinner hours; carry out and delivery services are limited and adding a marketing budget (currently all business comes from word of mouth); online business sales could be a major income stream. Business is closed on Sundays.
Support & Training:
Agreed Upon Time
Reason for Selling:
Retirement
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Doug Kose

Business Listed By:
Doug Kose

Transworld Business Advisors of Knoxville

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