Reduced Established Family Restaurant In Southern Middle Tennessee For Sale

Business description

Turn-key well established and profitable buffet/family style restaurant. Includes drive-thru and banquet room. Has continued to grow even through the recession. Nice cash flow.

This restaurant has been in business for over 22 years with 11 in the current location. The owners have done an incredible job creating an environment this community loves. Located on major east/west highway in the center of downtown. Business draws from surrounding counties.

You can own this business property and all for about the price of the enterprise alone. There is really nothing to do here but walk in and start making money. The sellers owns a grocery store in another town and are ready to slow down a little. Catering is something that is not being developed here at all and would be an immediate source of new revenue.

Property information

Real Estate:

Real Property Included

Location:

Located in downtown of town in Southern Middle TN. On major east/west highway and draws from surrounding area.

Premises details:

Family style restaurant facility is approximately 5,000 sq ft with a separate banquet facility and drive thru window. Buffet line and full kitchen facilities. Equipment all in good working order and updated.

Size in square feet:

5000 sq. ft with separate banquet facility

Business Operation

Expansion potential:

Could add catering business which would be immediate opportunity for revenue growth.

Competition / Market:

Normal competition. Well known restaurant with established loyal customer base. Pulls good lunch and dinner business.

Reasons for selling:

Retirement

Trading hours:

10:30am-9pm. M-Sat 6 months of year and 7 days/week for 6 months of year.

Employees:

4 full time and 19 part time

Years established:

22

Other information

Support & training:

Owner will provide whatever is reasonably required for successful transition and training.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller will consider small amount of financing.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$15,000 (included in the asking price)

Lease asking price:

$160,000 (Furniture / Fixtures and Inventory / Stock included)

Relocatable:

This business can be relocated.