Popular Well Known Bar & Restaurant - Great Opportunity!

Collierville, TN
listing image
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
BUSINESS DESCRIPTION

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.


ATTACHED DOCUMENTS
TNBIZ-NDA.pdf.pdf Download

DETAILED INFORMATION
Location
Collierville, TN
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,500
Lease Expiration
29/02/2028
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The building is a freestanding building with 4500sf and a large kitchen. Includes a walk in freezer, walk in cooler, fryers, flat top grill, char grill, and much more. There is both indoor and outdoor seating. There are multiple TVs, and a built-in sound system that is far above average.
Competition
Given that the business is one of several under the same brand, we have an edge above other brands, especially given the lengthy goodwill of the brand name. As a bar and restaurant featuring live entertainment and other activities, there are only a few places near the business that have similar features, but there are more unique features of our business that can be discussed under NDA, and the brand certainly helps the notoriety.
Growth & Expansion
This location is an independent LLC and is part of several other locations in multiple states, and is well known. The owner is continuing to grow the brand, so your independently owned store would be part of this expansion, and there are opportunities to partner on future locations. An on-site owner or someone who can spend more time at the business will greatly contribute to the growth potential.
Financing
Willing to discuss but price is very low already!
Support & Training
Willing to offer up to 30 days transition and training.
Reason for Selling
The owner's time is spread too thin and must focus on other locations.
Franchise
This business is an established franchise
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