107 New Englewood Rd

Business Opportunity for Sale
Sale Pending/Contingent
Also listed as Hospitality
Catylist Listing ID: 30843204
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): See Agent
Sale Price: $194,900
Name of Establishment: Frog Lick
Year Business Established: 2021
Gross Revenue: $60,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash or Business Conventional loan
Last Updated: 6/2/2023

Overview / Comments

Location, Location, Location! Thinking of starting your own business in 2023? Thinking of relocating your business to beautiful east Tennessee? I have the building for you! This commercial building is plug-and-play ready and comes with approximately $8,000 worth of kitchen appliances/equipment to start cooking right away. Included in this charming building is a 6 burner Southbend gas stove with ovens, a griddle area, a french fry (deep fry) station, and a large vent hood. A Hatco Flav-r-savor warmer also comes with the kitchen. One freezer and 1 refrigerator in the kitchen will keep all of your items nice and cold. A generous sized U-Star cooler is a bonus. A fantastic ice maker (ice machine) also comes with the kitchen. An industrial style 3 compartment sink, complete with a Signet sanitize and detergent system, will help you clean up quickly and efficiently. Two handicap accessible bathrooms are available (inside) as well. There is a second room off of the main (front) room which could be used for storage, additional tables and chairs, an office area, a conference room, game room, etc. The main room (front room) features a long bar/countertop that would be a perfect spot for your customers to sit and enjoy whatever you are serving. Bring your creativity, and your business venture, to Athens, TN. Athens is known as the Friendly City and is growing each year. There are new industries coming nearby, new residents moving here daily, new housing developments being built, and new mom and pop businesses coming in (and around) Athens. Now is the perfect time to make your dream a reality! Now is the time to plant roots in our great city! At this affordable price, you could be up and running quickly. The current owners had a successful (and profitable) business here in both 2021 and 2022 (during the pandemic). The current owners ran a successful CBD oil shop, and also sold vintage albums and cool vintage guitars. This location sees alot of traffic with heavy morning traffic, and heavy early evening traffic. Parking in the front, and on the side of the building. Creek runs along the back side of the property, perfect spot for some picnic tables! Grey/blue outbuilding does not convey. *This building is for sale, not for lease. It is not currently being leased/rented. Some items in the pictures do not convey. Those items are marked with sticky notes. The security system/monitoring system does not convey. Possession at closing. No lease to own option.

Additional Details

Nearest MSA: Athens
County: McMinn
Industry Segment: Other Food and Beverage
Reason for Selling: The current owner has a wonderful job opportunity that will require more of his time. Keeping his business open (and running full time) is no longer an option.
Value of Inventory Included ($): $8,000
Value of Furniture, Fixtures, and Equipment ($): $8,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: none. Not leased.
Seller Financing Description: n/a

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,123 16,773 23,505
Median Age: 40.26 40.28 40.52
Households: 907 6,805 9,595
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