Upscale Dining Restaurant For Sale
Location Tennessee,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1200000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 20 - 34
Inventory 550000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Reason for Sale Non F&B management firm looking for experienced operator.
Description East Memphis icon restaurant looking for experienced restaurateur. Currently in need of serious seasoned owner/operator to build on current operations. At present owned & managed by non food service team and great room for growth to the bottom line. 2006 & 2007 sales figures of $1.2 million and 2008 projection of $1.4 million. Catering opportunities abound with this location and setup! Completed full renovation in mid 2005 and spent over $550,000 in new equipment & leasehold improvements. Equipment still under warranty and first class upscale build out. Excellent lease in class A space. Ownership willing to consider financing $375,000 with $200,000 down for highly qualified prospect. Serious buyers only! List Price: $575,000. Email or call Jeff at 901-552-4183 with The Restaurant Store for more information on this Restaurant for sale.
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