RENOWNED TURNKEY RESTAURANT IN THE HEART OF HISTORY

Hamilton County, TN
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Asking Price:$300,000
Gross Revenue:$384,354
FF&E:$130,725
Cash Flow:$87,758
Inventory:$3,500
BUSINESS DESCRIPTION

Perfectly situated at a bustling downtown intersection in the heart of a Southern city, this restaurant is housed in a historic landmark building. It boasts a modern front with floor-to-ceiling windows, contemporary decor, a charming outdoor dining patio, and a well-stocked bar. A famous celebrity restaurant makeover chef chose this restaurant several years ago to revamp the menu and give it the ambiance it currently enjoys. Surrounded by art galleries, upscale apartments, renowned hotels, a convention center, and prominent corporate offices, the restaurant enjoys a prime location near two major highways and popular tourist spots, making it a trendy hotspot.

With an almost 20-year history at this address, the restaurant is open for lunch and dinner from Tuesday to Saturday, presenting a HUGE opportunity to expand business hours to include a Sunday brunch. The spacious patio area can accommodate live performances on weekends. The sale includes goodwill, the transfer of the liquor license, exclusive recipes, (including those provided by the celebrity makeover chef) furniture, fixtures, equipment, and leasehold value and improvements.


DETAILED INFORMATION
Location
Hamilton County, TN
Inventory
Included in asking price
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
There are other restaurants in this downtown location, but few situated in a historic building with commercial and residential tenants and at a major intersection.
Growth & Expansion
The Seller recommends that adding another weekday lunch/dinner and a Sunday Brunch would add substantial revenue. Adding additional advertising and marketing would be an ideal way to take the business to the next level. There is also a small bar in the restaurant which could be expanded to accommodate additional diners.
Support & Training
2 weeks
Reason for Selling
Pursuing other business opportunities.
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Lauren
Wingrove
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Lauren Wingrove