BBQ Restaurant with Income Producing Property
2201 Ferguson Rd., Johnson City, TN 37604, TN, 37604
Listing Details
- List Price
- $780,000
- List Price Per SF
- $126.62
- Terms
- 50% cash, balance at 6%, 10-year amortization, 5 year call
- Financing Avail.
- Yes
- Total Income
- $82,046
- Total Expenses
- $53,687
- NOI
- $28,359
- Cap Rate
- 3.64%
- List Date
- 2/26/2024
- Possession
- Now
- Signage
- On Building & Free-Standing
- Show Instructions
- Call broker
- Listing ID
- 39939086
BBQ Restaurant with Income Producing Property
Here is a rare opportunity to own a regionally popular mainstay dine-in BBQ restaurant and catering business. The offering also includes the property that houses the business. It is a single-story multi-tenant 6,160 sq ft commercial building with three other revenue generating lessees. There is a road-side sign with a messaging area. Indoor seating is 60. The dining room is attractively decorated and meticulously clean. Parking is easy and convenient for accessing the building. Three indoor smokers are included in the equipment package. Seller is willing to train a new owner for up to two weeks as part of the sale. The current staff is trained and reliable; they are also capable of running the restaurant in the owner's absence with a moderate level of supervision. This business is best as an owner/operator enterprise but is equally suited for passive ownership for someone who can provide operations oversight. This is a good candidate for SBA financing. Great for Veterans business ownership. Ideal for a family owned and operated business. Seller has decided to devote time to other investments.
Over the years this establishment has built a large base of repeat customers who know the food is good and the service is excellent. To understand more about the opportunity, see additional link for details about the business and to obtain an NDA.
Don't miss this unique opportunity to be your own Landlord with a thriving BBQ restaurant with income-generating investment property. Owner prefers to sell business and property as a package. Contact agent for further details and financials.
Space Details
- Total Available
- 6,160 SF
- Primary Use
- Retail
- Secondary Uses
- Office, Hospitality
- Owner Occupied
- Yes
- Investment
- Yes
- Real Estate Taxes
- $6,383 in 2021
Property Highlights
- Type
- Retail: Strip Center
- Size
- 6,160 SF, 0.57 Acres
- Occupancy Type
- Multi-tenant
- Number of Buildings, Floors
- 1 , 1
Contact
Ramon Luis Sanchez-Vinas
TCI Group-Jerry Petzoldt Agency LLC
Ryan Ketron
TCI Group-Jerry Petzoldt Agency LLC
Attachments
Source: NETAR CMLS
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