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.

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.

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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

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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