Summary
- Asking price including real property:
- $339,900 (Furniture / Fixtures and Inventory / Stock included)
- Lease asking price:
- $ (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- $385,000
- Cash flow:
- $70,000
- Years established:
- 10
- Employees:
- 14
Business description
This 10 year old restaurant is far and away the local favorite upscale casual. It has been voted the favorite restaurant in the local paper for the last 3 years, while being featured on Tennessee Crossroads, in Farm Home Magazine, and several local articles. There is an immediate potential for new business. The restaurant is only open for 6 lunches, one dinner meal and is closed on Saturday. Catering is a huge part of the business and there is room for growth as home meal replacement continues to be a growth market for the industry.
Property information
- Real Estate:
- Real Property Included
- Living accommodation:
- there was a residence upstairs that has been converted to storage and office space. It could be made into living quarters
- Location:
- The restaurant opened in November of 2000 in an old Victorian home in a downtown area. The 109 year old home shares a colorful history with the town, being one of the older homes downtown.
- Premises details:
- The facility has been carefully renovated and cheerfully decorated. A few wing backed chairs, plants, the old fireplaces, an antique or two and flowers on the tables give the restaurant a pleasant and ‘homey’ feel. There is an enclosed large front porch that seats 26. The kitchen equipment is in excellent condition with a walk in cooler and freezer. The restaurant owns the dishwasher and ice maker which are often an added expense line on a lease. Overall seating is 80. The back porch has been named the Back Porch, and is used for catering and carry out with the motto, “Making Your Life Easier”. Overall seating is 80. There is a 6 burner stove, flat top grill, char grill, new reach in, sandwich board cooler, pat rack, hea strips, hot table,warmers, walk- cooler, warmers, etc... 109 year old victorian home.
Other information
- Expansion potential:
- This restaurant is only open for 6 lunches and one dinner. It is closed Saturday all day. There is an immediate potential and need for this restaurant to open for dinner and Saturday night at least
- Competition / Market:
- There is no one else anywhere close with this type menu and quality.
- Support & training:
- Whatever is reasonably required
- Reasons for selling:
- Health
- Trading hours:
- Sun – Fri lunch Fri dinner
- Financing available:
- Owner is open to the right offer
- Furniture / Fixtures value:
- $45,000 (included in the asking price)
- Inventory / Stock value:
- $5,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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