The Little Dutch Restuarant

Morristown, TN (Hamblen County)

Seller Financing Available
The Little Dutch Restuarant
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Asking Price: $795,000

Cash Flow: $181,000

Gross Revenue: $775,000

EBITDA: N/A

FF&E: $200,000

Inventory: $50,000*

Real Estate: $500,000

Established: 1939

*not included in asking price.

The Little Dutch Restuarant

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Business Description

Priv Owned Restaurant For Sale

The Little Dutch is being made available for sale to qualified buyers. Mr. Angelos is offering the business and real estate for sale in connection with his planned retirement

Situated in the Central Business District for the past 80 years The Little Dutch Restaurant provides exceptional food at moderate prices. The owner; George and Nina Angelos and family has operated The Little Dutch for the past 45 years with uninterrupted profitability. The Little Dutch is known in Morristown and surrounding area its personal service and welcoming atmosphere as evidenced by its repeat customer base

The Little Dutch was recently featured on the PBS television show "Tennessee Crossroads". The link for the short video is www.youtube.com/watch?v=q SeHAY7bOc.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,600
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
For the year ending September 30, 2018 marks the 45th year of uninterrupted profitablility *Sales of approximately $775K *Net Cash Flow to Owner $181K * Open for Lunch & Dinners Six Days *180 Guest Dining Room Capacity *Estimated 3600 SF fo Dining Area *60+ Dedicated Parking Spaces *$185K Renovation in 2004 (Home Based)
Competition:
Morristown is the principal city of Morristown Metropolitan Statistical Area, which encompasses all of Hamblen and Jefferson Counties. Centrally located between eight counties, Morristown serves as the regional hub for employment, shopping, recreation, healthcare and educational opportunities. The community has evolved from an agricultural economy to a manufactruing based economy, producing a wide range of products. In April 2018 Van Hool Bus Co announces a $47M Capital Investment in Morristown bring over 600 new jobs to the area.
Growth & Expansion:
*Operations can be readily expanded to include breakfast, lunch and dinner seven days per week with no additional capital investment and minimal incremental overhead, enhancing profitability. *Potential to further enhance profitability by adding spirit sales. *Central location of historic downtown
Reason for Selling:
Planned Retirement
Home-Based:
This business is Home-Based
Business Website:
http://littledutchrestaurantmorristown.com
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Business Listed By:
Terry Ball

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