Full service restaurant/bar for sale.

Business Opportunity for Sale
Catylist Listing ID: 30840962
Property Subtypes: Food and Beverage
Building Size (RSF): 5,000 SF
Sale Price: $230,000
Name of Establishment: Cadillac Grill
Year Business Established: 2018
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash, conventional
Last Updated: 6/2/2023

Overview / Comments

Cadillac Grill is full service nonsmoking restauant/bar. The restaurant offers a front 54' granite bar with 20 stools. Additionally there are booths and tall tables. The restaurant offers a large assortment of liquor and wine and 16 beer taps. The back room has 4) 8ft Valley pool tables recently recovered with Simonis cloth. There are dart boards and a 12' shuffle board. It has large group (8-24) tall tables and 4 top tall tables. a juke box and largeTV's on all the walls.
There are 2 restrooms in the front and 2 more in the back. There is a fully equipped kitchen, all natural gas that was installed new in 2018. There are 4 walk in coolers: 2 refrigerator and 2 freezers. There is an office and storage room. The large parking lot was sealed and stripped in 2022.
The restaurant hours are Tue, Wed and Thur 4-10, Friday 4-11 and Saturday 11:30-11:00. Closed Sunday and Monday.
The owner would consider selling the building with the business.

Additional Details

Nearest MSA: Knoxville
County: Roane
Industry Segment: Bars and Taverns
Reason for Selling: The owner, now 71, wishes to retire.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Real Estate Lease Description: Flexible on lease terms. Buyer could choose a 3 or 5 year lease. Current lease is $2400.00 a month
Employee/Labor Description: There are currently 11 employees. All servers have an ABC permit.
Competition/Market Description: The restaurant sits on 4 lande State Hwy and enjoys a brisk trade.
Growth/Expansion Opportunities: The restaurant maintains only dinner hours and is open 5 days a week. Expanding the hours would increase the sales.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,207 7,654 8,999
Median Age: 42.77 45 45.04
Households: 1,328 3,179 3,710

Contact

Photograph of Listing Agent

Jacki Hill

Coldwell Banker Jim Henry & Associates
KAAR CIE Member
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