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22807930
22807931

9070 TN-58, Harrison, TN 37341

JJ
TN 291317, GA 274311 (+1)
Strategic Sites, LLC
Listed by Strategic Sites, LLC
$1,100,000
424 days on market
Updated 1 day ago

Operating Restaurant, FF&E, and RE; less than 1X Sales

Details
APN 086 018
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building, Restaurant
Square Footage 2,100
Units 1
NOI $300,000
Broker Co-Op Yes
Class B
Year Built 1999
Year Renovated 2019
Buildings 1
Stories 1
Acreage 0.880
Zoning C-2
Investment Type Owner/User
Occupancy Date 05/01/2025
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Significant Owner Take-home

Marketing description

Includes building, business, and real estate priced at less than 1X sales and only 3X earnings. Just in time for football and the fall season. This is a turn-key sale of business, FF&E, and real estate for an operating restaurant with growing sales and owner take-home of over $300,000, annually. The restaurant has an established following for its classic menu with sales in excess of $1M per year (estimated to hit $1.2M this year) and owner is willing to provide transitional assistance and training, if desired.

Property is located a few miles north of Island Cove Marina along Highway 58 at the intersection of Mahan Gap Road. A 1,500 gallon grease interceptor was installed in 2023 AND PARKING LOT RESURFACED IN April 2025. Building was built in 1999 and significantly renovated in 2017 and boasts a wrap-around, covered outdoor seating area, interior dining with vaulted ceilings, small bar service area including beer sales, fully functional kitchen with 16’ hood exhaust system, and outdoor smoker and walk-in cooler.

Additional information available with signed NDA.

Business may be purchased separately and building leased. Call for details.

Investment highlights

Operating business and real estate generating significant annual revenues.

Listing Contacts

JJ
TN 291317, GA 274311 (+1)
Strategic Sites, LLC
Listed by Strategic Sites, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$300,000.00
$25,000.00/mo

Valuation Metrics

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DSCR
27.27%
Cap Rate
27.27%
ROI

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