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This tasty opportunity is now even sweeter! NEW PRICE: $75,000 for the turnkey, ready-to-run restaurant. MOTIVATED SELLER- ready to retire- offers to finance HALF of the acquisition for the qualified buyer! And now- the seller will consider offers on the equipment, featuring many high-end pieces such as the $20k VULCAN range. Equipment list on request.
For the last 26 years, this iconic breakfast and lunch grill— in the heart of a major Middle TN metropolis has been frequented by downtown professionals and is a go to for tourists— for a quick, delicious bite, served up fresh and hot, prepared to order from only the finest ingredients.
The pandemic is fading fast. Rising traffic indicates the return to the profitability of 2019 and before ($115,456 SDE and better) is just around the corner! The grill is a great opportunity to own a consistent, strong business at a great price, in the heart of a city that's on fire with growth.
*weighted cash flow for 2018-2020 = $119,419. 2019 cash flow $115,456.
2019 and before: Open for breakfast and lunch only, just five days/week, three additional employees helped meet demand, and the store consistently brought home a strong return for the owners. When the pandemic struck, downtown was rocking, the hospitality and tourism industries were on fire, and cranes visible in every direction were temporarily halted. Today, with news of lockdowns being eased, downtown traffic is returning fast, expanding marketing opportunities for eat-in and carry-out, and catering to businesses public and private, from utilities to law firms.
2020: When the pandemic began to strangle the country, the restaurant closed the third week of March, for 152 business days (6 months), and re-opened the third week of October. Employees were reduced to just two: the owner and his wife.
$22,000 (USD) per annum
Located in a busy area in the heart of downtown in the hottest metro in Middle Tennessee.
Clean and sharp grille / store with a deli-diner look, in a walking mall frequented by downtown professional and tourists.
With so many businesses in the downtown area, catering has great potential. The surface has hardly been scratched. Raise the neighborhood profile with physical visits to area firms and establishments and build social media marketing.
Normal competition, other eateries in the mall- but few are open for breakfast, nor are others as bright and inviting, with such a pleasant atmosphere for a relaxing or social breakfast or lunch.
Seller will finance up to 50% of asking price
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