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Over $260,000 Owner Earnings on River Front Restaurant and Bar for Sale

Live your best life in this Tennessee Mountain town with views of the majestic mountains.  This Restaurant and Bar for Sale offers more than just the great river front views!  2021 is tracking to have Owner Earnings of $263,000 on $1.8 Million in sales!  SBA lending available for qualified buyers with as little as 20% down, or Seller Financing Available with 40% down. 

Tennessee has more people moving into it than any other state in the country.  Once you take a look at this Restaurant and Bar for Sale, you will understand why!  River views from almost every seat in this restaurant.  Outside boasts a great outdoor space, where customers can enjoy the dining while taking in sights and sounds of the Telico River. 
 
The sales are proof that this location has everything you could ask for in a restaurant.  This Restaurant and Bar for Sale is checking all the boxes, location, sales, setup, and profits!  Owner earnings are tracking for $263,000 in 2021 which will make this opportunity a prime business for SBA lending.  We Sell Restaurants has multiple lender resources to help you through the process.  

Large 6,800 square foot space offers views of the river from almost every seat in the house, seating 75.  Indoors even boasts locally Amish made farmhouse tables.  The outdoor patio area must be seen to be appreciated, in this large outdoor space you have room to accommodate and additional 100 guests.  Guests can enjoy the outdoor patio beside the river that offers plenty of seating, cornhole boards, and its own bar separate from the indoor bar.  Just $9,000 in rent for this incredible space with a 5-year lease and an additional 5-year option.    

Turn-key, this Restaurant and Bar for Sale is fully equipped and has more kitchen area and prep areas than most restaurants twice it's size.  The seller's have spared no expense in the upfit and layout and design of this profitable restaurant.  To ensure a smooth transition, the seller is even offering 1 MONTH of training for a buyer at no additional cost.  

Come enjoy a great quality of life in the Mountains of Tennessee.  This buys town boasts tons of visitors a year to ride along the Cherohala Skyway.  In addition, it is less than two hours to Pigeon Forge, and three hours to Nashville, TN and Asheville, NC.  
 

This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.

Please click on the tab below to easily acknowledge confidentiality on this Bar for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Tabby Hemphill at (828) 803-9965

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 8495
  • Price: $650000
  • Location: Telico Plains

Lease Term: 5 year lease to be negotiated with 1 additional 5-Year option

Monthly Rent: $9000,

Indoor Seating: 75

Inside Sq. Ft: 6800,

Hood System: Yes

Hours Open: Thurs, Fri, Sat 11am-9pm Sunday 11am - 8pm

# of Part-Time Employees: 16

# of Full-Time Employees: 25

Net Sales: $1806526.00

Owner Benefit: $263824

Features

  • Incredible river front location with views from almost every seat
  • Tracking for $1.8 Million in 2021 with Owner Earnings of $263,000
  • Outdoor patio seats 100 guests and offers it's own bar
  • Huge kitchen fully-equipped that pumps out these sales and earnings
  • One month of training from seller included in the purchase price
  • Tennessee has no state income tax making it a popular place to live
  • Bar for Sale
Over $260,000 Owner Earnings on River Front Restaurant and Bar for Sale

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OWNERSHIP

ACKNOWLEDGE
CONFIDENTIALITY

For Additional photos, financial information and equipment list

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