Extremely Popular Well-Known Restaurant
Memphis, TN Shelby County
Memphis, TN
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- RE: Extremely Popular Well-Known Restaurant
- Contact: Patrick Marsch
Quick Facts
| Asking Price: | $315,000 | |
| Annual Revenue: | $1,129,369 | |
| Net Profit: | $172,940 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2002 | |
| Employees: | 9 | |
| BBN Listing #: | 954039 | |
| Broker Reference #: | 1274 |
Business Overview:
Well established restaurant in a very busy location. This restaurant has not been managed very well over the past few years, and is primed for a new, motivated owner to hit the ground running. The seller projects $1.5M is achievable from this location, so there is great potential for growth. They have been in business over 20 years. The seller owns the real estate, so a favorable lease will be implemented. Please submit an Online inquiry for more information and you will be sent a confidentiality agreement right away. This is a great opportunity to own an already profitable restaurant with big growth opportunities.
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Property Features and Assets:
Lease Information
Square Footage: 3,200
Monthly Rent: $4,500
Lease Expiration: Negotiable
Options to Renew: Negotiable
Build Out Cost: $500,000
Reason for Selling:
Other BusinessesAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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