Popular Well Known Bar & Restaurant - Great Opportunity!
Asking Price: | $150,000 |
Gross Revenue: | $700,000 |
Rent: | $6,000/Month |
Established Year: | 2022 |
Cash Flow: | $80,000 |
Inventory: | $4,500 |
FF&E: | $25,000 |
Killer opportunity for first time buyer!
Exciting opportunity to own an established bar and restaurant for a ridiculously low entry cost! Owner's time is spread too thin with multiple locations! This location is part of a well-known and loved privately owned brand (each location is independent LLC). Featuring great food, a full bar, live entertainment, and more, it is your opportunity to put time and effort into building it into the thriving business that it can be! The established brand name and core homemade recipe menu items allow you to benefit from the brand goodwill that has been built over almost two decades, and a large social media presence. All the hard work has been done! This is the perfect opportunity for someone to own a business but didn't think they had the investment to do it or the expertise to start from scratch!
This location is doing about 700K a year gross but with a little time and effort could easily do double that or more! The lease is very low and the location is stellar, near a major intersection with a lot of traffic. Affluent area and folks have money to spend. Indoor and outdoor seating.
Owner would consider selling other locations as well, or investment in the overall multi-unit concept (currently 5 locations and would seek underlying support for expansion and infrastructure). The right offer - buy ALL the existing locations at an unbelievable price!
***Owner is asking well below the valuation for this location***
If you are interested in this very unique opportunity, please be prepared to sign a nondisclosure and share information about your finances. Serious inquiries only! Experience in bars and restaurants highly recommended, but owner will provide guidance during transition.
Contemporary Indian Restaurant Business-only in Metro Memphis, TN!
Collierville, TN
Price: $229,000
Midtown-Memphis Upscale Lounge
Memphis, TN
Price: $475,000
Chicago-style Pan Pizza, subs, & signature Wings are flying high in Me
Germantown, TN
Price: $415,000
Jon Smith Subs
Available in Multiple Locations
FranchiseCash Required: $100,000