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: |
$477,000 (Annual) |
Last Updated: |
6/24/2022 |
Overview / Comments
BiBa's Italian restaurant has been operating successfully with a solid customer base for 10 years in the Hixson-Chattanooga market. The Hixson restaurant is located in the Publix shopping complex directly off of Hixson Pike. This center has a tremendous community draw for the same clientele that the restaurant caters to.
Owner will provide 3 months of training and support after closing.
|
Additional Details
Nearest MSA: |
Chattanooga |
County: |
Hamilton |
Industry Segment: |
Restaurants |
Reason for Selling: |
Owner is retiring from the restaurant business. |
Value of Inventory Included ($): |
$20,000 |
Value of Furniture, Fixtures, and Equipment ($): |
$190,000 |
Real Estate Status: |
Leased |
Value of Real Estate Included ($): |
$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 |
© Copyright 2001-2022 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Greater Chattanooga REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|