Popular Burger Joint with Absentee Ownership
Asking Price: | $575,000 |
Gross Revenue: | $1,523,236 |
Cash Flow: | $222,526 |
Rent: | $7,500 |
Long-Tenured Business with solid client base
Are you ready to have your own restaurant? Are you looking for an absentee business? Do you have previous restaurant experience? If you answered yes to these questions, this is the opportunity for you! This diner-style full-service restaurant has been serving East Tennessee burgers, fries and much more with great success. Highlights Include:
- Turnkey Operation: Fully operational with trained staff, managers in place and streamlined processes. No need to build from scratch – step into ownership and start earning from day one.
- Team and Building: There are 30 employees, including 2 managers in the front and 2 managers in the back. The Owner put $750,000 into creating a build-out that offers guests a great dining experience, and all FF&E is included in the listing price.
- Established Reputation: Known for its incredible product, loyal customer base, and top-notch online reviews.
- Great Location: The area boasts a mix of residential, commercial, and tourist activity, ensuring a steady stream of customers.
- Consistent Financials: Business consistently does over $1.5M a year in sales with great cashflow.
Note, previous restaurant experience is a requirement for a buyer, as the owner wants to ensure the future success of the business.