Popular Burger Joint with Absentee Ownership

Tennessee
listing image
Asking Price:$575,000
Gross Revenue:$1,523,236
Cash Flow:$222,526
Rent:$7,500
BUSINESS DESCRIPTION

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.


ATTACHED DOCUMENTS
BLI Burger Joint.pdf Download

DETAILED INFORMATION
Location
Tennessee
Inventory
Not Included in asking price
Real Estate
Leased
Competition
The location, loyal customer base, and turn-key setup make this business a rare find. No restaurant in the area has this restaurant theme and unique concept like this one.
Growth & Expansion
Growth: A new owner could grow profitability by working in the restaurant, as this business is currently run absentee. There are also growth opportunities by expanding to offer a breakfast menu. Additional potential to expand with catering and delivery services.
Reason for Selling
Focus on other business interests
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Doug
Kose
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Doug Kose