Catylist ID: #30732580
SUCCESSFULL RESTAURANT BUSINESS FOR SALE
Business Opportunity for Sale
|Catylist Listing ID:||30732580|
|Property Subtypes:||Food and Beverage|
|Building Size (RSF):||See Agent|
|Name of Establishment:||"The Brass Lantern Restaurant and Lounge"|
|Business Website Address:||https://thebrasslanterncrossville.com/|
|Year Business Established:||2015|
|Gross Revenue:||$0 (Annual)|
|Cash Flow:||$0 (Annual)|
|Sale Terms:||Husband and wife team ready to retire. Business Only Sale.|
Overview / Comments
The Brass Lantern Restaurant and Lounge, LLC is in search of owners who will love and continue to cultivate a great restaurant, great food, great customers, and great conversation. It is located right off of Exit 322, I-40. Comfort Inn and Suites, Holiday Inn, Hampton Inn, and Super 8 are in walking distance of this location. Approximately 5 miles down the road is Wyndham/Fairfield Glade Resort Community with over 10,000 residences with numerous Wyndham guests.
Brass Lantern Restaurant and Lounge, LLC is advertised in the Wyndham packets There is plenty of room for expansion. At this time, it is closed on Sundays and serves only lunch and dinner.
Have established offering on-line ordering and digital/gift certificates and have updated the POS.
There are signs on I-40 right before the exit, going west and east.
Husband and wife team are ready to retire.
Profit and Loss Statements are available upon request by serious inquiries.
This profitable restaurant business is in operation. The seller is requesting that all interested parties sign a Non-Disclosure Agreement before any information is released to serious inquiries.
|Reason for Selling:||Retirement|
|Value of Inventory Included ($):||$58,000|
|Value of Furniture, Fixtures, and Equipment ($):||$67,902|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Real Estate Lease Description:||The business leases the property.|
|Employee/Labor Description:||There are approximately 8-10 employees covering lunch hours and dinner hours.|
|Mgmt/Training Support Description:||Owners of business offer 4-6 month support for training to potential buyers.|
|Competition/Market Description:||There is very little competition. Fairfield Glade, at this time, has only one restaurant open for its 12000+ population and there are 3 hotels across the street. Fairfield Glade is approximately 3 miles from the location of this restaurant. They also pull in travelers off of I-40. It is on the corner of the exit ramp for I-40.|
|Growth/Expansion Opportunities:||There are no Sunday hours at this time. Only lunch and dinner are served Monday through Saturday at this time.|
|Proximity:||3 miles||5 miles|
Annette RenaudCrye-Leike Brown Realty KAAR CIE Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|