restaurant and bar for Sale in Tennessee
Explore restaurant and bar for sale in Tennessee. Compare opportunities and connect with sellers.
Fully Built Chattanooga Cocktail Bar | Move-In-Ready | Asset Sale
Rare opportunity to acquire a distinctive, high-end cocktail bar in downtown Chattanooga, TN, offered as a turnkey asset sale. A new owner skips the significant startup cost and the months of work a first-generation build out requires, including a kitchen. The space carries roughly $600,000 in leasehold improvements and can open under their own concept on day one. The sale includes an assignable lease with a strong runway: approximately 6.5 years remaining on the base term plus two 5-year renewal options at preset rates. The upstairs is separately subleased to an established business generating approximately $45,000/year, offsetting more than half of the base rent and materially lowering effective occupancy cost.
Long-Standing Chattanooga Restaurant with Growth Potential
This is an opportunity to acquire a well-established American-style restaurant that has been serving the Chattanooga area for more than 30 years. The business has developed a loyal customer base and has maintained consistent year-over-year revenue throughout its history. The restaurant is known locally for its quality food, dependable service, and welcoming atmosphere. Its long operating history and strong reputation have helped create a steady stream of repeat customers and reliable business performance. One of the business's most attractive features is its limited owner involvement. Day-to-day operations are largely handled by employees, allowing the current owner to maintain little to no involvement in the restaurant's daily activities. This makes the opportunity well-suited for both hands-on operators and investors seeking a more passive ownership role. The sale includes a turnkey operation that is ready for a new owner to continue operating immediately. Businesses with this type of longevity, consistent revenue history, and minimal owner involvement rarely become available. Additional information will be provided to qualified buyers upon request.
Chago’s Restaurant Asset Sale / Lease Assumption
Bring your own concept!!! Previously operating as Chago’s Belmont Cantina on Belmont Blvd. Directly adjacent to Belmont University and the very busy Fisher Center for the Performing Arts. Turn-key bar-restaurant asset sale with premium visibility and direct access to 2 of Nashville’s hottest high earning neighborhoods, 12 South & Belmont-Hillsboro. Very clean & fully equipped for a new owner. Significant recent upgrades including new HVAC & make-up air, upgraded commercial electrical, new bar & restrooms, patio heat & much more. Affordable long term lease with options in a high foot traffic area. A great opportunity in Nashville’s most desirable neighborhood.