Restaurant with Property

Business Opportunity for Sale
Catylist Listing ID: 30798107
Property Subtypes: Food and Beverage
Building Size (RSF): 2,200 SF
Sale Price: $625,000
Name of Establishment: The Front Porch
Business Website Address: thefrontporchlife.com
Gross Revenue: $0 (Annual)
Cash Flow: $229,161 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash @ Closing
Auction Type: Absolute
Last Updated: 5/25/2022

Overview / Comments

Local restaurant operator ready to take over management of the property.

Additional Details

Nearest MSA: Knoxville
County: Knox
Industry Segment: Restaurants
Reason for Selling: New business opportunity
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $125,000
Value of Real Estate Included ($): $500,000
Real Estate Lease Description: Two lots, main building, secondary building needs repair.
Mgmt/Training Support Description: Two weeks. Local restaurant operator will take over if desired.
Growth/Expansion Opportunities: Add alcohol to menu, increase number of tables and turnover
Seller Financing Description: Cash at Closing

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,890 42,384 115,632
Median Age: 36.51 38.28 36.76
Households: 2,923 17,141 47,109

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