Turn Key Restaurant In Bristol TN For Sale

Business description

Everything goes!!! This successful 70 seat restaurant has been always been in the black since it opened over 3 years ago. Property alone is appraised for over $ 300,000. This wonderful operation is located at a busy 4-way intersection on what is known locally as " hamburger lane" due to the nearby fast-food joints. This intersection enjoys over 20,000 cars per day and is one of the busiest in the tri-cities region. The old lighthouse restaurant, in only 3 short years, has carved out its " own niche". It is known for serving home cooked meals at fast food prices. Also breakfast is served all day. The restaurant was remodelled 8 months ago and increases seating capacity to 70 patrons and many times there is a line to get in. The owner is retiring due to health reasons and is selling it turn-key. Everything goes right down to the ovens, grills, pots pans and silverware. Tv, secuirty system, credit card machines ans cash register. The new owner will not have to by anything. Everything you need to run a successful operation is right here!!! There are 4 large billboards on the property currently leased to lamar signs and generate an additional $ 2,000 yrly. A complete catering line of equipment goes with the sale, including the delivery truck. All you have to do is turn the key in the door and start making money!! Finally, you can be your own boss and make your own schedule as 14 seasoned employees take care of the customers for you. This place has all 3 elements of a wining food serivce establishment. a) good food . B) good service and c) great low prices that keep our regular customers coming day-after-day and week-after-week. The old lighthouse restaurant was voted " best home cooking " business 3 years and running. Seller is willing to stay on board, free of charge for an additional 15 days after closing to aquaint you with the operation, if requested. Contact Dan for more details or to schedule a showing of this business. This is your chance to start living the American dream and own your own business. Why not buy a successful operation with a proven record of sales growth year-after-year?

Property information

Real Estate:

Real Property Included

Location:

Intersection of West State Street and Gate City Hwy, Bristol, TN 37620

Premises details:

Building built in 1972 and offers 1800 sq/ft +/-. Central Heat and Air, tile floorings and concrete block exterior.

Size in square feet:

apprx. 1800 ( +/- )

Other information

Expansion potential:

Opportunity exists for additional expansion in the future.

Competition / Market:

Very little. There is another home-style cooking operation in the area but since we opened 3 years ago, both our customers and our food vendors say we have all but put them out of buisness. We literally have NO competition. We are situated amongest burgers joints and oriental food places and while others served cardboard tatsting burgers, our aes cook-to-rder and made of fresh ground beefy purchased locally daily.

Support & training:

Owner will stay on board, if requested by New Owner, for 15 days AFTER closing, FREE of charge for training and consulting purposes

Reasons for selling:

Seller is looking to retire due to heatlh reasons

Trading hours:

open at 6 am and close at 8 pm Daily

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$2,000