Distinctive Restaurant For Sale
Location: United States -> Tennessee -> Covington
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
Perfect location for a great visionary and hard worker. Closed Covington, TN restaurant location. Owner has other full time employment and looking for the right owner/operator to create a new eatery in the area. Land, building and equipment appraised at over $100000. Owner will sale all for $80000…great property investment. Serious seller willing to sell equipment only for $20000 with three year lease or lease to purchase option…partial owner financing available for qualified buyer. Get it for PENNIES on the DOLLAR.
So many options available for this location. Almost 1800 sq. ft. with 2 vent hoods and 2 seperage cooking areas. Owner did previously have beverage license…great money maker. Perfect spot for dine in lunch & dinner to local working group. Could do super business with evening take out / delivery in addition to dine in and bar service. Concept options endless in this establishment.
Call Jeff at 901-552-4183 with The Restaurant Store or visit our website at www.restaurantstore.com. Serious buyers only, we work for our sellers to market their properties in a very confidential manner to qualified buyers. We would welcome the opportunity to meet in person to learn more about your needs and plans.
Financials
Asking Price Range: < $250K
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $80,000
Seller Financing: Yes
About The Business
Year Established: 2001
Number of Employees: 4 – 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owner will provide two weeks training and support if needed.
Reason For Selling: Owner has other career and unable to devote needed time to restaurant.
