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Chattanooga

  • Listing No.: 133-20323

  • Category: Food - Restaurant

Asking Price $299,000
Down Payment
Gross Revenue $945,836
Total Adjusted Net Income $162,735
Equipment / Fixtures $98,000
Year Established 2003
General Location Chattanooga
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Turn-key American style restaurant in Chattanooga sub-market. This business has show strong sales over the years.Current year, like many other restaurants, was disrupted for over 3 months by Covid. Sales have started to gain as clientshave started to go out to eat and ordinances are lifted. The restaurant is located on a major thoroughfare with greatvisibility. With 1,000+, 4.4 star reviews on google, this restaurant has made its mark as a go to establishment within thecommunity. Serving up everything from breakfast, lunch and dinner. There is room for potential growth as they arecurrently only open 5 days a week. The business is predominately, semi-absentee owned, with key staff in place.  Property is not included in the sale price. Property available for additional $425,000. Owner will only sell business and property together. 

Gross Revenue $945,836 Listed Price $299,000
Total Income $162,735 Down Payment
Base Rent Square Feet 2500
Total Rent Lease Expiration
Rent Deposit Lease Options
Inventory Not Included Leasehold Improvements $50,000
Equipment / Fixtures $98,000 Other Assets Property owned.
Full-Time Employees 19 Training Period 4 weeks
Part-Time Employees 3 Special License Required
Contract Staff Reason for Selling Other

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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