Popular Burger Joint With Absentee Ownership
Not Disclosed, TN Not Disclosed
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- RE: Popular Burger Joint With Absentee Ownership
- Contact: Doug Kose
Quick Facts
| Asking Price: | $575,000 | |
| Annual Revenue: | $1,523,236 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $222,526 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 984170 | |
| Broker Reference #: | 5182-178281 |
Business Overview:
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.
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Market Competition and Expansion:
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: 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 interestsAdditional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Tennessee businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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