Dave's Modern Tavern Sewanee/Monteagle Restaurant Bldg,Equip,Business

Business Opportunity for Sale
Catylist Listing ID: 30050452
Property Subtypes: Food and Beverage
Building Size (RSF): 4,500 SF
Sale Price: $545,000
Name of Establishment: Dave's Modern Tavern
Business Website Address: Dave's Modern Tavern
Franchise Parent Name: Not Franchised.
Year Business Established: 2009
Gross Revenue: $532,480 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller, etc.
Auction License Number: N/A
Last Updated: 6/12/2017

Overview / Comments

Real Estate Partners is pleased to present the opportunity to purchase the profitable operating full service Restaurant & Bar business of Dave's Modern Tavern as well as the real estate, equipment, furnishings, etc. Everything with transfer with the sale (except for a few minor décor items) giving a buyer the opportunity to step into a fully functional restaurant providing cash flow to buyers on Day 1. Dave's Modern Tavern is known for its wonderful cuisine of high quality ingredients, great location and appealing décor. Kitchen is in great shape and employees keep it in top shape, the latest health score was 100.

Located in Tennessee on the Cumberland Plateau in the Sewanee/Monteagle area this Restaurant is located on a prime lot in the main business thoroughfare conveniently located off Interstate 24. This area is home to Cumberland state park & Sewanee, the University of the South.

This Restaurant has a large diverse customer base deriving from Local Residents, Students & their visiting families from the University, visitors & hikers of the Cumberland State Park, DuBose Conference Attendees, Vacationers, and travelers off of I-24.

The Restaurant of 4,500 square feet is situated on 1.13 acres. The restaurant has a large main dining room, 3 outside patio dining areas, a large Bar area which has a large roll up door expanding to one of the covered heated/cooled patio dining areas. The restaurant has two ADA approved restrooms. Facility is fully equipped with burglar alarm throughout. Restaurant is on city water/sewer & natural gas.

The restaurant also offers a private dining room, which has hosted several family and professional gatherings, etc. There is a large office on the main floor. The second level has approximately 3,000 square feet of office & storage space used for restaurant & catering storage.

The Kitchen is enormous and is easily accommodates the current capacity of table/chairs and could easily handle a seating expansion.
The business is solidly profitable and well priced at $545,000, offering an investor owner a good return starting Day 1.

Some of the Equipment Items are as follows:

• Walk In Freezer
• Walk In Cooler
• 1500 Gallon Grease Trap
• New 600 AMP Panel Electric Upgrade
• Upright Refrigerators
• Upright Freezers
• 10 Burner Gas range
• Griddle
• Charbroiler
• Fryer
• 19’ Hood System with Fire Suppression
• Work Prep Tables
• Cooled Condiment Storage Prep Tables
• Commercial Sinks
• Dish Washing Equipment
• Convection Oven
• Microwaves
• Cheese Melter
• Meat Grinder
• Slicers
• Vac Sealer
• Two Ice Machines
• Beverage Stations (Tea, Coke, Coffee)
• Two Keg Boxes
• French Fry Cutter
• Ice Cream Freezer
• Margarita Machine
• POS System (Touchscreens, etc will transfer, software will require system upgrade expense for new owner)
• Tables
• Chairs
• Bar Stools
• Janitorial Equipment
• 3 Flat Screen TVs
• GMC Truck for Trash Disposal
• Shop Vacuum

Website & Social Media

https://www.facebook.com/davesmoderntavern

Additional Details

Nearest MSA: Chattanooga
County: Marion
Industry Segment: Bars and Taverns
Reason for Selling: Moving to Another State for Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: N/A
Employee/Labor Description: 10-16 Employees depending on Season.
Mgmt/Training Support Description: Sellers would be willing to provide training and/or consulting during transition.
Competition/Market Description: University Students/Visitors, State Park Visitors, Vacationers, I-24 Travelers, Locals, etc.
Growth/Expansion Opportunities: Numerous opportunities to expand the restaurant for more seating and parking ever if one so desired.
Seller Financing Description: N/A

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 726 5,354
Median Age: 53.61 44.98
Households: 259 2,192

Contact

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