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: 7/1/2022

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

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!

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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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