1751 N. Broad Street
Business Opportunity
for Sale
| Catylist Listing ID: |
30855313 |
| Property Subtypes: |
Food and Beverage
|
| Building Size (RSF): |
8,000 SF
|
| Sale Price: |
$299,000 |
| Name of Establishment: |
County Seat Cafe |
| Year Business Established: |
2017 |
| Gross Revenue: |
$192,000 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Sale Terms: |
30 Days after closing to remove all store items, unless the buyer wants to purchase all merchandise, fixtures and equipment with building. |
| Last Updated: |
12/8/2023 |
Overview / Comments
|
Business Opportunity! Great small business cafe' located in the heart of Tazewell on the main street. On the upper level, it has a fully functional kitchen with two bathrooms and is permitted for a 50 seat restaurant. There is plenty of room for additional seating without any build-out. There is also, 4,000 square foot of space on the street level for retail space or expand the business for an event center or lease the space for a gym, shopping or office space. The possibilities are endless.
|
Additional Details
| Nearest MSA: |
Morristown |
| County: |
Claiborne |
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Retiring |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$50,000 |
| Value of Real Estate Included ($): |
$0 |
| Competition/Market Description: |
In the heart of Tazewell within walking distance from local government offices. |
| Growth/Expansion Opportunities: |
The cafe' currently is on the upstairs and is permitted for 50 seats but an additional 50 seats could be added without a build-out. There is also additional 4,000 square feet on the main level and could host catering events. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
845 |
7,662 |
13,570 |
| Median Age: |
45.51 |
41.14 |
40.81 |
| Households: |
373 |
3,088 |
5,486 |
|
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