Well Established Turn-Key Bar/Restaurant Prime Location Knoxville, TN

Knox County, TN
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Asking Price:$350,000
Gross Revenue:$600,000
Established Year:2020
Cash Flow:$110,000
Rent:$4,516/Month
BUSINESS DESCRIPTION

Award Winning, Profitable, Growing

Unique opportunity to own this popular restaurant/bar with a neighborhood feel. Prime Knoxville location. Everything you need for a smooth transition.


DETAILED INFORMATION
Location
Knox County, TN
Inventory
Not Included in asking price
Real Estate
Leased
Lease Expiration
31/07/2025
Employees
10
Facilities
Full service bar: beer (on & off premise), wine, hemp, and liquor licenses. Six months left on current lease, with two 3 year options available Facility is up to local code regulations and all FF&E is in good working order
Competition
Anchored by the University of Tennessee and TVA, Knoxville is booming right now. The only way to go is up, and this business is positioned to go right with it. Nothing else in town like it.
Growth & Expansion
Already consistently growing Opening on Monday, Catering, and initiating online delivery programs ( Uber, Door dash etc.) Multi Unit possibilities.
Financing
Cash to Seller, NDA and Proof of Funds required
Support & Training
Two Weeks (flexible) All the support needed for a seamless transition
Reason for Selling
Lifestyle change
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James Ferguson
James Ferguson