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 today
Restaurant and Bar
4 years in business
Retiring Owner
A full-service restaurant and bar offering scratch-made American cuisine and a full bar, operating in a rebuilt historic building in Claiborne County, East Tennessee.
Key Information
Asking
$700K
Revenue
$1.4M
Earnings
$281K
Multiple
2.5x
Key Highlights
- Business has been established for 4 years.
- Restaurant seats 117 across approximately 3,500 square feet in a historic building.
- Business operates 5 days a week for 40 service hours.
- All major mechanical systems, roof, and kitchen hood are new since 2020.
- Repairs and maintenance have averaged under $11,000 per year.
- Advertising costs have been under $2,000 per year.
- Sale includes point of sale system, kitchen display screens, and dining room equipment.
- Full bar with liquor license is included.
- Real estate is owned separately and available for negotiation; a new lease will be negotiated at closing.
- Both owners work in the business without drawing an identifiable wage; buyer should budget for management labor.
Contact Info
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