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Extremely Popular Well-Known Restaurant

$315,000.00

Description

Listing Number: 1274

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.

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Asking  Price: 
$315,000

Gross  Revenue: 
$1,129,369

Adjusted Net Income: 
$172,940

General Info:

  • Asking Price: $315,000
  • Gross Revenue: $1,129,369
  • Total Adjusted Net Income: $172,940
  • Equipment / Fixtures: $200,000
  • Year Established: 2002
  • General Location: Memphis

Lease Info:

  • Square Feet: 3,200
  • Total Rent: $4,500
  • Lease Expiration: Negotiable
  • Lease Options: Negotiable
  • Build Out Cost: $500,000
 
 

Additional Information:

  • Full-Time Employees: 7
  • Part-Time Employees: 2
  • Training Period: Negotiable
  • Reason for Selling: Other Businesses
 
 

Patrick Marsch Jr., CBI

For more information on this business contact Patrick:

Office: (615) 450-0410
Cell: (615) 544-5380
Email: patrick@nashbb.com

Looking to Sell?

Nashville Business Brokerage is here to guide you through a seamless and rewarding selling process. Our team of experienced professionals is dedicated to maximizing the value of your business and ensuring a smooth transition. Take the first step toward a successful business sale by scheduling a consultation today.

Contact us now to get started.