Asking Price: $317,000
Cash Flow (SDE): $153,000
Gross Revenue: $630,000
Rent: $3,833.33 per Month
Established: 1985
Business Description
Brokers top pick. Hot new listing for fun and friendly Nashville fast food rest
Broker’s Favorite Listing! This one will not last!
Established back in the 1980s. Original. Fast Food. Sit Down. Take Out. Delivery.
NOT A FRANCHISE! Tables turn over quickly. Fantastic location, location, location.
Reasons to jump on buying this restaurant:
• 30+ years of history. An original and first of its kind Nashville restaurant.
• Loyal and hard-working Employees
• Simple Menu, minimal waste
• Minimal training should be required for the new owner. Turn Key.
• The business is a fun, feel good community-oriented business.
• A buyer could explore opening additional locations, extending operating hours, setting up a food truck or tent and various events.
• It would be easy to increase the volume of customers and delivery with some advertising and social media management (would need additional staff or more overtime of current staff)
• Currently the restaurant is only open for extended lunch. The restaurant is not open on weekends (but it could be).
• Weekend catering and Food Truck service could be added.
* Weekend and dinner hours could be considered as well.
* You could open additional locations.
Ad#:2405798
Detailed Information
Detailed Information
Location: Davidson County, TN
Inventory: $6,000 (Included in asking price)
Real Estate: Leased
Building SF: 2,000
Lease Expiration: 6/30/2036
Employees: 8
Furniture, Fixtures, & Equipment (FF&E): $149,000 (Included in asking price)
Facilities: Location. Location. Location! The restaurant is in the heart of the busy and growing Nashville community. There are many initiatives underway to revitalize the historic area. Lots of planned developments are coming: high-rise residential buildings, retail areas, and a public park. There are already many businesses, both industrial and professional and homes in the area.
Competition: Customers are requesting extended hours and delivery which they do. The owner could easily do more hours and a higher volume, but the owner is ready to retire and let the next owner take advantage of the upside potential.
Growth & Expansion: • A buyer could explore opening additional locations, extending operating hours, setting up a food truck or tent and participating in various events. • It would be easy to increase the volume of customers and delivery with some advertising and social media management (would need additional staff or more overtime of current staff) Currently the restaurant is only open for extended lunch. The restaurant is not open on weekends (but it could be). • Weekend catering and Food Truck service could be added.
Support & Training: During Due Diligence, post Letter of Intent, there will be a tremendous amount of learning for the Buyer. Post closing, the Seller is willing to also offer up to 45 days of hands-on training and transition. Owner might consider support beyond the 45 days on a paid consulting basis. To be negotiated.
Reason for Selling: Retirement and time to spend with grandchildren.