Great restaurant opportunity on 4 lane highway! Turnkey!

Business Opportunity for Sale
Catylist Listing ID: 30625810
Property Subtypes: Food and Beverage
Building Size (RSF): 1,056 SF
Sale Price: $189,000
In Opportunity Zone? Yes
Name of Establishment: Eatowah
Year Business Established: 2017
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 11/17/2020

Overview / Comments

Great opportunity to own a restaurant in the quaint town of Etowah nestled in the Mountains of East Tennessee. Great location on busy 4 lane Highway next to other restaurants, such as McDonalds, Waffle House. Before Covid-19 was a thriving business, lot's of regular customers. Building is like new and in great shape. Has tons of opportunities, could add drive-through to increase business, lots of parking to if additional lot is purchased. All restaurant equipment is newer and in good condition will be included with purchase but is negotiable and could just buy property/building. Seating for 32 comfortably. Small list of restaurant equipment: 2 stock shelves, Heat Lamp, 48"grill, 2 bay fryer, TV w/ wall stand, all dishes, all stock, 6 tables (4top) 2 Tables (2 top) Bar w/ 8 stools, mop sink, 36" stove, milk shake machine, wafflemaker, 27" cooler, 27" sandwich prep table, 48" prep table, coffee maker(Bunn), tea maker(Bunn), Coke machine, double door full size cooler, refrigerator, ice machine, upright freezer, chest freezer, 3 bay sink, 6ft prep table, meat slicer, 2-wells, hamburger press, scale. This business is ready for you to start up and go.

Additional Details

Nearest MSA: Athens
County: McMinn
Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $30,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 665 8,184 9,128
Median Age: 41.91 44.09 43.92
Households: 288 3,349 3,704
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