The Red Tomato Bistro

Business Opportunity for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30757032
Property Subtypes: Food and Beverage
Building Size (RSF): 1,500 SF
Sale Price: $150,000
Name of Establishment: The Red Tomato Bistro
Year Business Established: 2019
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller.
Last Updated: 8/26/2021

Overview / Comments

Operating restaurant business in Governors Crossing Sevierville, Pigeon Forge area. Menu is mostly Italian style pizza, pasta, salads, etc.

The property is in the heart of the Wyndham Destinations area around the restaurant. As per the seller, most of the business comes from deliveries to approximately 640 Wyndham units in the area and on that side of the Parkway. Opportunity for growth in advertising, expansion of delivery to other hotels and resort units in the area.

The sale includes all FFE with the exception of several pictures that the seller wants to keep.
Contact Agent. Do not disturb management or employees. Twenty four hour notice to show. Afternoon showings only.
Thanks,

Seller will stay for a period to train a buyer.

The Pigeon Forge and Gatlinburg resort and attraction areas, along with the Great Smoky Mountains National Park drew approximately 12.4 million visitors in 2020 and over 12 million in 2019.

Google:
Red Tomato Menu
Governors Crossing Sevierville, TN
Wyndham Resorts Governors Crossing

Additional Details

Nearest MSA: Sevierville
County: Sevier
Industry Segment: Restaurants
Reason for Selling: Seller’s health.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: $1,500 sf at $2000 per month NNN. Base increases to $2125 per month in November 2021

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,971 16,367 31,766
Median Age: 30.08 38.01 39.4
Households: 980 6,440 12,540

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