Extremely Popular Well-Known Restaurant

Memphis, TN
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Asking Price:$315,000
Gross Revenue:$1,129,369
FF&E:$200,000
Cash Flow:$172,940
Rent:$4,500/Month
Established Year:2002
BUSINESS DESCRIPTION

High Traffic Location!

Well established restaurant in a very busy location. This restaurant has not been managed very well over the past few years, and is primed for a new, motivated owner to hit the ground running. The seller projects $1.5M is achievable from this location, so there is great potential for growth. They have been in business over 20 years. The seller owns the real estate, so a favorable lease will be implemented. Please submit an Online inquiry for more information and you will be sent a confidentiality agreement right away. This is a great opportunity to own an already profitable restaurant with big growth opportunities.


DETAILED INFORMATION
Location
Memphis, TN
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,200
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Expiration: Negotiable Options to Renew: Negotiable Build Out Cost: $500,000
Support & Training
Negotiable
Reason for Selling
Other Businesses
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Patrick
Marsch
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Patrick Marsch