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drink-3237895_1280
drink-3237895_1280

Fully Built Chattanooga Cocktail Bar | Move-In-Ready | Asset Sale

$338,000.00

Description

Listing Number: 2743

Rare opportunity to acquire a distinctive, high-end cocktail bar in downtown Chattanooga, TN, offered as a turnkey asset sale. A new owner skips the significant startup cost and the months of work a first-generation build out requires, including a kitchen. The space carries roughly $600,000 in leasehold improvements and can open under their own concept on day one.

The sale includes an assignable lease with a strong runway: approximately 6.5 years remaining on the base term plus two 5-year renewal options at preset rates. The upstairs is separately subleased to an established business generating approximately $45,000/year, offsetting more than half of the base rent and materially lowering effective occupancy cost.

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Asking Price:

$338,000

Gross Revenue:

$411,386

Asset Sale

  • Asking Price: $338,000
  • Gross Revenue: $411,386
  • Equipment / Fixtures: $60,601.65
  • Included Inventory Amount: $15,000
  • Year Established: 2024
  • General Location: Chattanooga, TN
  • Square Feet: 4,200
  • Total Monthly Rent: $6,225
  • Lease Expiration: March 31, 2033
  • Lease Options to Renew: Two 5-Year Options
  • Build Out Cost: $628,729
  • Part-Time Employees: 6
  • Training Period: 90 days
  • Reason for Selling: Focusing on other ventures
Agent Photo

Wesley Hill

For more information on this business contact Wesley:

Office: (615)-850-4410
Cell: (931)-349-0173
Email: wesley@nashbb.com

Asking  Price: 
$450,000

Gross  Revenue: 
$397,059

Adjusted Net Income: 
$155,113

General Info:

  • Asking Price: $450,000
  • Gross Revenue: $397,059
  • Total Adjusted Net Income: $155,113
  • Equipment / Fixtures: $18,000
  • Included Inventory Amount: $6,000
  • Year Established: 2021
  • General Location: Tampa, FL

Lease Info:

  • Square Feet: 1,300
  • Total Monthly Rent: $2,800
  • Lease Expiration: 9/1/2026
  • Lease Options to Renew: yes
 
 

Additional Information:

  • Part-Time Employees: 2
  • Independent Contractors (1099): 1
  • Training Period: 2 Months
  • Reason for Selling: Owner is pursuing other ventures
 
 

Wesley Hill

For more information on this business contact Wesley:

Office: (615)-850-4410
Cell: (931)-349-0173
Email: wesley@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.