Restaurant and Bar in Beautiful Historic Building - Business for Sale
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Full-Service Restaurant and Bar in Claiborne County, TN
TN, US
Added 1 month ago
Restaurant and Bar
4 years in business
Retiring Owner
A full-service restaurant and bar operating in a historic, rebuilt 3,500 sq ft ground-floor space in Claiborne County, East Tennessee, serving American cuisine and a full bar with seating for 117.
Key Information
Asking
$700K
Revenue
$1.4M
Earnings
$281K
Multiple
2.5x
Key Highlights
- Full-service restaurant and bar located in East Tennessee, Claiborne County
- Business occupies approximately 3,500 sq ft in a historic building, seating 117
- All mechanical systems, roof, and commercial hood are new since 2020 after a full rebuild
- Business operates five days a week for 40 service hours
- Sale includes point of sale system, kitchen display screens, and dining room equipment; liquor license is in place
- Repairs and maintenance have averaged under $11,000 per year; advertising spend is under $2,000 per year
- Owners are retiring and will support transition; real estate is owned separately and available under separate negotiation; new lease to be negotiated at closing
- Business has been established for 4 years
Contact Info
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