Restaurant-American(not a Franchise)-30+Yrs, Retirng,Growth Opprtnties
| Asking Price: | $1,400,000 |
| Gross Revenue: | $2,600,000 |
| FF&E: | $300,000 |
| Established Year: | 1995 |
| Cash Flow: | $620,000 |
| Inventory: | $25,000 |
| Real Estate: | $2,350,000 |
Profitable main street restaurant in booming West TN location. Fully staffed.
Longtime successful, beloved local restaurant(not a franchise) started and operated by the owners for over 30 years. It is located in a highly visible freestanding building they own, and designed and built for the volume, visibility, success, and longevity it/they have enjoyed. This is a rare opportunity to purchase a restaurant business successfully built and operating, fully staffed and ready for you to walk into and be successful and profitable, Day 1. The part of the city where it's located continues to land new multi-million dollar business investment and expansions, leading to continued growth of new neighborhoods and subdivisions, increasing their traffic (detailed in the CIM). They are technologically current with a new POS system and an internet presence allowing for online ordering, a robust To-Go business, tablet use by servers. Expanded and dedicated To-Go, POS speeding table turn, and additional kitchen production equipment are just one of the recent improvements made providing opportunities for exciting growth, several of which cannot be shared in this ad(detailed in the CIM). They have been operating this business for growth and profitability, not retirement! Their staff is like family with some have +20 years of tenure and a desire to remain. The owners are able to vacation and take time away from the business due to the level of on-staff management they have developed. The building and equipment are well maintained, so that there is not a big capital expense need upon continuing to operate the business, post-closing.
