Thriving restaurant by major mall

Chattanooga, TN (Hamilton County)

Seller Financing Available
Thriving restaurant by major mall
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Asking Price: $395,000

Cash Flow: $178,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $97,000

Inventory: $11,000

Rent: $13,000 /Month

Established: 2018

Thriving restaurant by major mall

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Business Description

This is a great listing for someone looking to expand their current operations or get into the food and drink industry. This restaurant is very modern and has seating for 139 guest as well as a large outdoor dinning area. The restaurant is about 5k sq ft and is in a leased building. They serve steaks, chicken, and some limited sea food. All five star reviews on Google and Facebook!

Over $700k spend on build out and the building does have sprinklers. They do have a very nice bar which does very well. Owner will consider franchising the unit with $250k and a 7% royalty .

Detailed Information

Location:
Chattanooga, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
6/12/2024
Employees:
31
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Two months but management is in place and willing to remain.
Reason for Selling:
Owner has several other businesses and is looking to get into the franchise side
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Mark S

Business Listed By:
Mark S

Rivercity Business Brokers

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Sponsoring Broker:
mark S

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