Successful Restaurant Business for Sale
Business Opportunity
for Sale
| Catylist Listing ID: |
30377479 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
See Agent
|
| Sale Price: |
$875,000 |
| Name of Establishment: |
BiBa's Italian Restaurant |
| Year Business Established: |
2009 |
| Gross Revenue: |
$1,700,000 (Annual) |
| Cash Flow: |
$477,000 (Annual) |
| Last Updated: |
6/21/2021 |
Overview / Comments
BiBa's Italian restaurant has been operating successfully with a solid customer base for 10 years in the Hixson-Chattanooga market. The Hixson restaurant is located in the Publix shopping complex directly off of Hixson Pike. This center has a tremendous community draw for the same clientele that the restaurant caters to.
Owner will provide 3 months of training and support after closing.
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Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Owner is retiring from the restaurant business. |
| Value of Inventory Included ($): |
$20,000 |
| Value of Furniture, Fixtures, and Equipment ($): |
$190,000 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$0 |
| Real Estate Lease Description: |
Current lease expires September 30, 2025 and the restaurant has three 5 year options. |
| Employee/Labor Description: |
The restaurant has 35 employees and has been operating for over two years with management in place. |
| Mgmt/Training Support Description: |
Owner will provide three months of support and consultation after closing. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,468 |
33,542 |
81,388 |
| Median Age: |
46.5 |
42.38 |
41.25 |
| Households: |
2,395 |
13,953 |
33,946 |
|
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