Catylist ID:
#30654849
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. |
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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