Memphis Upscale Dining Restaurant For Sale
Description
East Memphis icon restaurant looking for experienced restaurateur. Currently in need of serious seasoned owner/operator to build on current operations. At present being run by non food service management team and grea room for growth to the bottom line.2006 & 2007 sales figures of $1.2 million and 2008 projection of $1.4 million. Catering opportunities abound with this location and setup!!! Completed full renovation in mid 2005 and spent over $550000 in new equipment & leasehold improvements. Equipment still under warrenty and first class upscale buildout. Excellent lease in class A space.
Ownership willing to consider financing $375000 with $200000 down for highly qualified prospect. Serious buyers only!
Included in asking price
Furniture / Fixtures included
Sales Revenue
1200000
Net Profit
Available on request
Years Established
2005
Employees
28
Reasons for Selling
Non F&B management firm looking for experienced operator
Finance Available
Seller willing to consider financing of $375000 with $200000 down to highly qualified buyer
Furniture/Fixtures Value
$550,000 (included in the asking price)
Tenure
Leasehold