Contemporary Indian Restaurant Business-only in Metro Memphis, TN!
Contemporary Indian Restaurant Business-only in Metro Memphis, TN!
Price: $349,000
Industry: Convenience Stores, Other Restaurants and Food
Listing ID: MEMPHISTNRESTAURANT349K
Net Revenue: $1,000,000
Net Profit: $170,000
Restaurant is 2,400 sq ft. Lease includes permitted use of Indian and Mediterranean cuisine!
Over 290 Google Reviews with an average 4.3 stars rating!
Restaurant is only open less than 61 hours per week! Huge opportunity for buyer to expand hours of operation and increase sales!
End-unit provides extra visibility and includes access to outdoor patio seating!
Building recently constructed in 2017 with ample parking and accessibility!
$7,000 NNN per month with more than 8 years remaining plus a 5-year renewal option with a rent increase of only $7,700 NNN per month!
Corner parcel with high visibility on 4 way intersection with average traffic count of 15,720 vehicles passing by each day east/west bound, and 21,890 passing by each day north/southbound!
Fantastic Metro Memphis location!
5-year population growth within 1 mile of the business is expected to increase by over 2.35%!
Located in Metro-Memphis, TN! 1 hour from Oxford, MS! 1 hour 20 minutes from Tupelo, MS, Jonesboro, AR, and Jackson, TN. 3 hours from Nashville, TN!
A wide range of residential neighborhoods, schools and mixed-use developments.
Schools - Bailey Station Elementary School with +/- 850 students, Forest Hill Elementary School with +/- 700 students, Schilling Farms Elementary School with +/- 600 students, West Collierville Middle School with +/- 1,200 students, Crosswind Elementary School with +/- 700 students, Collierville High School with +/- 2,800 students.
Multi-family - Bailey Creek Apartments, The Addison at Collierville, Villas at Germantown, City Place at Germantown Apartments, Legacy Farm, The Signature at Schilling Farms Apartments, Madison at Schilling Farms, Carrington at Schilling Farms Apartments, Meridian Park Apartments, Westbrook Crossing.
Other - 240-lot residential development, 38 homesites include 3 different home types. Also included in the nearby construction are hotels, offices, and a senior living community with 176 apartments and a neighborhood development to include 59 additional homes, a lodge hall, and a pool.
Near Baptist Memorial Hospital!
Asking Price for Business-only: $349,000 plus inventory!
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Gross Revenue: $1,000,000
Cash flow: $169,480
Square Footage: 2400