Iconic Do-Nut Shop For Sale

Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30561068
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): 1,823 SF
Sale Price: $160,000
Name of Establishment: Richy Kreme Do-Nuts
Year Business Established: 1948
Gross Revenue: $325,000 (Annual)
Cash Flow: $38,000 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: Cash to Seller or possible owner financing. Seller will enter into a new 3-year lease on the existing building or Buyer can relocate the business not subject to a lease.
Last Updated: 1/11/2021

Overview / Comments

This iconic donut shop has been serving some of the best donuts in east TN since 1948. The price includes all new equipment package (2017). Inventory, goodwill, and all recipes and training. The business can stay at this location with a new 3-year lease at $1900.00 a month. Or can be relocated without a lease. The real estate and building can be purchased for an additional $325K.

Additional Details

Nearest MSA: Knoxville
County: Blount
Industry Segment: Restaurants
Value of Inventory Included ($): $1,800
Value of Furniture, Fixtures, and Equipment ($): $117,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Seller will enter into a new lease or the Buyer can relocate.
Employee/Labor Description: On site manager with years of experience.
Seller Financing Description: Seller may be willing to owner finance with 20% down.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,935 34,026 65,886
Median Age: 36.35 39.27 40.1
Households: 2,913 13,727 26,960


Photograph of Listing Agent

Charles Baine

Baine Realty Group KAAR CIE Member
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