Catylist ID:
#30840962
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. |
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
Jacki HillColdwell Banker Jim Henry & AssociatesKAAR CIE Member |
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