Restaurant (non-franchise), Free standing, Profitable, Family style with 30 Year history
Gibson County, TN (West)
Longtime successful, beloved local restaurant(not a franchise) started and operated by the owners for over 30 years. It is located in a highly visible freestanding building they own, and designed and built for the volume, visibility, success, and longevity it/they have enjoyed. This is a rare opportunity to purchase a restaurant business successfully built and operating, fully staffed and ready for you to walk into and be successful and profitable, Day 1. The part of the city where it's located continues to land new multi-million dollar business investment and expansions, leading to continued growth of new neighborhoods and subdivisions, increasing their traffic (detailed in the CIM). They are technologically current with a new POS system and an internet presence allowing for online ordering, a robust To-Go business, tablet use by servers. Expanded and dedicated To-Go, POS speeding table turn, and additional kitchen production equipment are just one of the recent improvements made providing opportunities for exciting growth, several of which cannot be shared in this ad(detailed in the CIM). They have been operating this business for growth and profitability, not retirement! Their staff is like family with some have +20 years of tenure and a desire to remain. The owners are able to vacation and take time away from the business due to the level of on-staff management they have developed. The building and equipment are well maintained, so that there is not a big capital expense need upon continuing to operate the business, post-closing. Picture shown is not actual business.
Inventory: $25,000* Real Estate: $2,350,000* ( * Not Included)
Employees: 26 Building SF: +/- 8,000
Building:
Highly visible and designed by restaurant operators (them) for the scale, volume and production they knew was possible. They own the building and would consider a sale, but will provide a satisfactory market rate lease and term to the new owners. It is well maintained as is the kitchen equipment, furniture and fixtures.
Growth & Expansion of the Business
New POS system providing for expanded and dedicated To-Go business. New POS system utilizes tablets and remote entry for better order accuracy and speed. New and expanding businesses in the city (and near the restaurant) are fueling residential growth (their bread and butter customers). Potential new menu vertical could have a large impact to top-line growth(detailed in CIM). * They have not explored expansion except that their regional reputation in West TN would seemingly support another location.
Reason for Selling:
After 30 years, they are ready to retire, travel, & visit family out of state.
