Restaurant In Highly Sought After Gatlinburg Location For Sale

Business description

This is a casual dining, steak, burger and bar business in a year around tourist town. The purchaser of this business is not limited to the steak house concept although there is no reason to change. This is prime property for any casual dining concept. The seller has spent over a million dollars building out a patio overlooking Gatlinburg’s most romantic feature, a mountainside stream that flows year around. One season follows another in this unique tourist town. It is an absolute favorite summertime vacation spot, followed by one the country’s most spectacular autumn destinations and then winter brings in the ski season. Foot traffic is unbelievable. The lease price per square ft is at the bottom of finished lease pricing in this area and the purchase price of the business is less than half of what the owner invested. If you ever wanted to start up a restaurant with a limited investment, this is your opportunity. If you have heart and ability, the traffic is here.

Property information

Real Estate:

Lease

Leasehold rent:

$8,500 per annum

Location:

Probably the most desirable location in Gatlinburg

Premises details:

Apr 6800 square ft. with upstairs private dining/conference options. There is a full bar, well equipped kitchen, street level seating and patio dining. Current seating of 150 could possibly be expanded to 200

Size in square feet:

6,800

Business Operation

Expansion potential:

There are so many directions a talented and experienced restaurateur could take this business. Entertainment, after hours, tourist packages etc... The sky is the limit

Reasons for selling:

Owner has too many restaurants and wants to downsize

Trading hours:

Lunch and Dinner 7 days a week

Employees:

16

Years established:

64

Other information

Support & training:

Whatever is reasonably required

Owner financing:

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

Financing available:

Reasonable requests considered

Furniture / Fixtures value:

$150,000 (included in the asking price)