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Iconic Restaurant for Sale with Real Estate in Historic Union County
Union, South Carolina
0Active Listings
$204KAvg Asking Price
7Sold
Knoxville Restaurants for Sale
There are more than 2,500 restaurant and foodservice locations operating throughout the Knoxville metropolitan area. These establishments employ more than 55,000 people across the region's foodservice and hospitality sector. Knoxville-area restaurants are estimated to generate more than $3.5 billion annually in food and beverage sales. From Southern comfort food restaurants and neighborhood cafés to breweries, steakhouses, and chef-driven dining concepts, restaurants play a major role in the region's economy and culture.
Knoxville restaurants for sale are something many buyers explore due to the region's growing population, strong regional economy, and vibrant downtown revitalization. As one of East Tennessee's major economic centers, the Knoxville metropolitan area benefits from key industries including healthcare, education, manufacturing, energy, technology, advanced materials, and professional services. From Downtown Knoxville and Market Square to Turkey Creek, Bearden, Fountain City, the University of Tennessee area, Maryville, Oak Ridge, Farragut, and surrounding communities, restaurants serve both local residents and visitors throughout East Tennessee.
It's no wonder those buying a business flock to Knoxville restaurants for sale offered by Restaurant Brokers. Restaurants are an influential part of the Greater Knoxville economy. The region's combination of university-driven activity, tourism, outdoor recreation, proximity to the Great Smoky Mountains, and continued business growth creates opportunities for restaurant owners across a wide variety of concepts, cuisines, and service styles.
Resources for Buying Knoxville Restaurants for Sale
Buying a Knoxville Restaurant for Sale is a team sport and you may need all kinds of help. Our Restaurant Broker© team has plenty of resources and aid for you. Here’s a starting point for the most common requests:
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Pizza Shop Sale in Knoxville Fully Equipped Ready for New Owner
Knoxville, Tennessee
Fully Equipped Knoxville Pizzeria for Sale - Great Location!
Knoxville, Tennessee
Knoxville Sandwich Shop for Sale for only $25,000
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Sandwich Franchise for Sale in Knoxville - Close to University of TN!
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Two Franchises for Sale in Tennessee Deliver Six Figures!
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Downtown Knoxville Deli for Sale - Great Location, Low Rent!
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Frequently Asked Questions
Frequently Asked Questions: Knoxville Restaurants for Sale
What is the average price of a restaurant for sale in Knoxville? Independent restaurants typically list between $50,000 and $500,000. Established restaurants, franchise locations, and high-volume concepts may sell for more than $1 million.
Can I buy a Knoxville restaurant with an SBA loan? Yes. Many Knoxville restaurant acquisitions qualify for SBA 7(a) financing. We Sell Restaurants can connect buyers with experienced restaurant lenders.
How long does it take to sell a restaurant in Knoxville? Most sales close within 3 to 9 months. Clean financials, favorable lease terms, and qualified buyers help transactions move faster.
What is my Knoxville restaurant worth? A Certified Restaurant Broker can provide an opinion of value that will include comparable pricing. He or she is a market specialist that can adjust for location, lease terms, equipment condition, sales trends, and profitability.
How do I sell my restaurant in Knoxville? Start with a free valuation from a Certified Restaurant Broker. We handle confidential marketing, buyer qualification, negotiations, and transaction management.
What licenses do I need to take over a restaurant in Knoxville? Generally a Tennessee food service establishment permit, Certified Food Protection Manager certification, sales tax registration, Certificate of Occupancy, and any applicable local permits. Additional licenses are required for alcohol sales.
Do I need a broker to buy or sell a restaurant in Knoxville? Not legally, but a Certified Restaurant Broker helps maintain confidentiality, qualify buyers, manage due diligence, and guide the transaction from listing to closing.
