Restaurant Business For Sale - Not RE

Business Opportunity for Sale
Catylist Listing ID: 30654849
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $200,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 1/10/2021

Overview / Comments

The Brass Lantern Restaurant and Lounge, LLC is in search of owners who will love and continue to cultivate a great restaurant, great food, great customers, and great conversation. It is located right off of Exit 322, I-40. Comfort Inn and Suites, Holiday Inn, Hampton Inn, and Super 8 are in walking distance of this location. Approximately 5 miles down the road is Wyndham/Fairfield Glade Resort Community with over 10,000 residences with numerous Wyndham guests.

Brass Lantern Restaurant and Lounge, LLC is advertised in the Wyndham packets There is plenty of room for expansion. At this time, it is closed on Sundays and serves only lunch and dinner.

Have established offering on-line ordering and digital/gift certificates and have updated the POS.

There are signs on I-40 right before the exit, going west and east.

Additional Details

Nearest MSA: Crossville
County: Cumberland
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $58,000
Value of Furniture, Fixtures, and Equipment ($): $67,902
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Growth/Expansion Opportunities: There are no Sunday hours at this time. Only lunch and dinner are served Monday through Saturday at this time.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,362 22,617
Median Age: 38.78 45.46
Households: 3,944 9,679


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