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Knoxville

  • Listing No.: 133-00126

  • Category: Food - Restaurant

Asking Price $139,000.00
Down Payment
Gross Revenue $371,863.00
Total Adjusted Net Income $103,808.00
Equipment / Fixtures $15,000.00
Year Established
General Location Knoxville
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This business is located 30 minutes from Knoxville in a growing suburban area.  There is currently very little competition which has allowed the business to make big waves within the marketplace!  Restaurant has excellent reputation and online reviews for its delicious, high-quality seafood dishes, including homemade clam chowder and fried shellfish.  The fresh seafood is shipped in from local beach communities 3 times a week.  Customers are transported to a seaside town by enjoying a meal at this hotspot!  The restaurant is a destination for locals, tourists and customers from all surrounding regions.  Big potential for growth for a new owner to add hours of operation including Sundays.  Contact us today for more info on this business.  

Gross Revenue $371,863.00 Listed Price $139,000.00
Total Income $103,808.00 Down Payment
Base Rent $1,500.00 Square Feet 3500
Total Rent $1,500.00 Lease Expiration 6/2021
Rent Deposit $1,500.00 Lease Options
Inventory $2,500.00 Leasehold Improvements
Equipment / Fixtures $15,000.00 Other Assets
Full-Time Employees Training Period 4 weeks
Part-Time Employees 8 Special License Required
Contract Staff Reason for Selling Retire

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.