Red Bank Restaurant
Business Opportunity
for Sale
| Catylist Listing ID: |
30574925 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
5,969 SF
|
| Sale Price: |
$550,000 |
| Name of Establishment: |
Lilly Mae's Place |
| Gross Revenue: |
$0 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Living Accomodations: |
Yes |
| Last Updated: |
1/6/2021 |
Overview / Comments
|
Lillie Mae’s has been a successful family run restaurant for over 23 years and has had a loyal following since its inception in 1997. First time on the market and a beloved staple to the Red Bank community, this is a great opportunity to invest in a thriving business. The sale includes the 5969 sq. ft. building, car park with 12 spaces, all restaurant equipment and furnishings, a 4-car attached garage, one bedroom one bath attached apartment with an adjoining sun-room and private yard. There is seating for 110 in the 27 foot by 48-foot dining area and an additional waiting area. Adjoining parking lot is leased for $300.00 per month which supplies ample parking. The owners are willing to pass along the popular family recipes that so many patrons love and have been passed down by the original owner, Lillie Mae! The current operating hours are Monday thru Friday 6:00 am to 8:00 pm. Saturdays 6:00 am to 1:00 pm and Closed on Sundays. Owners are retiring.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Industry Segment: |
Other Food and Beverage |
| Reason for Selling: |
Owners are retiring. |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$0 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,173 |
38,672 |
91,278 |
| Median Age: |
41.49 |
39.16 |
40.44 |
| Households: |
2,825 |
17,245 |
39,280 |
|
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