Established Memphis Restaurant for Sale
Great Location. Expansion Opportunities with this Independent Brand.
Memphis, TN, USA
Asking Price: $200,000
This quick service restaurant is an independent brand that operates in a prime mixed-use commercial development that includes shopping, fitness center, health and wellness, arts, music, festivals and other unique venues that attract people of all ages, and also provides a convenient stop for lunch and dinner to the residents of the multi-unit apartments in the complex. All branding, recipes, equipment and assets are included to transition as a going business to a new owner.
The restaurant features a variety of chicken and seafood selections, sandwiches, salads, and sides that are served with a choice of Signature Sauces. Daily specials for plate lunch and dessert are also available. Price points make this an excellent choice for lunch and dinner. Catering and delivery add additional revenue streams to the business.
Fully staffed with General Manager and Kitchen Manager on board.
Restaurant is leased and fully furnished - walk-in refrigerator, full cook line with multiple fryers, convection oven, high temperature dishwasher, chairs, tables, counter and more. Significant build-out includes top-vent system and AC/heating system.
The restaurant has a very stable and loyal customer base. The owner believes that there is significant upside potential due to its prime and trendy location that draws traffic from both visitors to the complex as well as from the building’s residents. There are many positive developments in the complex and local community that should increase the number of visitors. This includes significant growth of local residential space (2,500 apartments planned within 2 miles in the next 1-4 years).
The brand could be expanded to multiple sites in the Memphis market as well as other cities. As an independent brand, franchising could be considered as a growth strategy.
Reason for Selling:
This majority owner has moved and is focusing on other brands.