Catylist ID:
#30743055
Restaurant; High Traffic, Great Exposure
Business Opportunity
for Sale
| Catylist Listing ID: | 30743055 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 2,177 SF |
| Sale Price: | $298,700 |
| In Opportunity Zone? | Yes |
| Gross Revenue: | $220,000 (Annual) |
| Cash Flow: | $0 (Annual) |
| Last Updated: | 3/23/2023 |
Overview / Comments
|
5515 S York Hwy offers an Opportunity for a Restauranteur! High Traffic, Great Exposure and a Restaurant filled with the Furniture, Fixtures, and Equipment needed to see the Dream/Concept of their heart come to Life. The building is 2177 square feet with a covered patio in the front and a drive-through window for pick-up orders. Main Dining area seats 39 and Additional Dining Area seats 32; 71 seats total in current design. ROOM NAME and DIMENSIONS Front Porch 40’ 11 1/2 x 9’8; Dining Room One 27’0 x 19’0 ~34 Seating Lunch Bar 11’0 x 3’0 ~5 Bar Stools Dining Room Two 14’11 x 25’0 ~32 Seating Salad Bar 3’5 x 12’0 Kitchen 11’5 x 36’4 Grill/Fryer/Cook Area 24’0 x 6’0 Waitress/Waiter Area 5’6 x 25’5 Office 11’10 x 6’0 Men’s & Ladies Restroom 6’2 x 4’10 (Doors 35”) Back Porch. 24’6 x 10 Air Filter 20 x 25 x 1 DIRECTIONS: Use GPS or From I-40 (Exit 317) travel 19 miles north to Grimsley, TN on SR-28; look for sign on the right. From Jamestown, TN travel south on SR-28 13 miles; see sign on left. SR-28 aka S. York Hwy |
Attachments & Media
Additional Details
| Nearest MSA: | Crossville |
| County: | Fentress |
| Industry Segment: | Restaurants |
| Reason for Selling: | Owner has successful restaurant in Knoxville near UT Campus; doesn't have time. |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $38,280 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $260,420 |
| Growth/Expansion Opportunities: | SR-28 is a main route for truck traffic in Fentress County, with percentages between 9 and 12, this is higher than the state average of 7.4% . There is a high percentage of multi-use trucks on SR-62 (15%), compared to the statewide average of 3.9 percent. Expansion Projects are taking place from I-40 north on SR-28 aka: S York Hwy near the property. Data obtained from TN.GOV/TDOT More Traffic translates into more Potential Customers! |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 1,853 | 3,444 |
| Median Age: | 40.29 | 39.04 |
| Households: | 725 | 1,299 |
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