Business For Sale Listing 146228
Award Winning Uptown Memphis Restaurant for Sale
Status as of Nov-20-2008 at 06:42 PM: Sold!
Business Summary
Calling all chefs, restaurant owners and managers! This is a chance to own or expance with an award winning Uptown Memphis restaurant at a terrific deal. Restaurant has built a wonderful reputation and goodwill in the market and winner of local Food & Drink awards. Owner recently learned of health issues and ready to make someone an amazing deal.
Annual sales exceeding $750000. Asking $150000...buy for $0.20 on the dollar...no way to open similar restaurant for this price. Amazing value with mostly one-of-a-kind hand made pieces of furniture and fixtures. Outstanding first years sales figures...ready for experienced F&B Professional to create big money maker.
Currently open serving lunch and dinner with full service bar in establishment. Great seating area outside for drinks, meals and fun. Located in the uptown Memphis area within walking distance of FedEx Forum/Beale Street/Peabody Place/Redbirds Stadium/Mud Island and more. Uptown area in high demand for commercial options and going into extensive economic and development growth...get in while lease rates are still reasonable. Four years remaining on lease and two 5 year renewal options.
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