Catylist ID:
#30844220
The Amber Restaurant
Undisclosed Address, Tennessee
Business Opportunity
for Sale
| Catylist Listing ID: | 30844220 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | See Agent |
| Sale Price: | $225,000 |
| Name of Establishment: | Amber Restaurant |
| Year Business Established: | 1977 |
| Gross Revenue: | $0 (Annual) |
| Cash Flow: | $0 (Annual) |
| Relocatable Business: | Yes |
| Sale Terms: | Business and equip only for sale. New owners to come to lease terms with Ridenour |
| Last Updated: | 5/30/2023 |
Overview / Comments
|
Amber Restaurant was opened in 1977 by the Padgett family and has remained a staple of the Halls community. Generations of families have walked through the doors of the Amber to enjoy our delicious southern breakfast and cooking and the relaxing, family-centered atmosphere that is offered to our guests. Current owners, a Knox County Schools teacher and a local culinary expert, carried on the tradition and witnessed substantial growth throughout the business closures and impact of COVID-19. Despite setbacks of other businesses, the Amber continued to flourish, shine, and experience success. Halls Has It is the motto of the community and the Amber Has It as well! We will always remain a successful business due to the supportive people that enter the restaurant, the relationships that have been established with families and staff, and the type of cooking that is rare to find in the Knoxville area. Don't miss this rare opportunity to purchase a piece of Halls history! ( Business Only with FFE Purchase, new lease to be secured at closing with 3rd party owner ) |
Additional Details
| Industry Segment: | Restaurants |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $138,799 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | Ridenour |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 2,238 | 4,952 |
| Median Age: | 40.69 | 37.61 |
| Households: | 831 | 1,777 |
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