The Old Lighthouse Diner

Business Opportunity for Sale
Catylist Listing ID: 30641542
Property Subtypes: Food and Beverage
Building Size (RSF): 1,600 SF
Sale Price: $599,000
In Opportunity Zone? Yes
Name of Establishment: The old Lighthouse Diner
Business Website Address: theoldlighthousediner.com
Year Business Established: 2012
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash, possible Owner Financing Available
Last Updated: 9/21/2020

Overview / Comments

VETERAN OWNED AND OPERATED! The Old Lighthouse Diner has served the Bristol area for a number years with great service, food and family values.
The Owner acquired the property in 2012 and quickly renovated the facility, and brought new life to restaurant which has been serving Bristol for nearly 50 years!
Check out The Old Lighthouse Diner on Yelp, Tripadvisor, Zomato, Zmenu as well as Facebook and find out what Bristolians have known for years, and what travelers to the area say. It's truly a local landmark and a great experience. Serving breakfast and lunch 6 days a week and always closed on Sundays.
A great business opportunity exists for the right person or family who wishes to serve the community. Call for more information and a confidential showing. Come and step back in time to when the customer always comes first and a great home cooked meal is waiting for you! The Old Lighthouse Restaurant.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Industry Segment: Restaurants
Reason for Selling: Health reasons.
Value of Inventory Included ($): $9,999,999
Value of Furniture, Fixtures, and Equipment ($): $9,999,999
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: NOT A LEASE SITUATION.
Employee/Labor Description: Both full and part time employees
Mgmt/Training Support Description: Owner will provide support and training after the Sale.
Competition/Market Description: No other local sit down restaurants in the immediate area, only fast food feeders.
Growth/Expansion Opportunities: Property has some room for expansion.
Seller Financing Description: Possible with appropriate Down payment.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,329 30,805 57,200
Median Age: 41.84 41.54 42.22
Households: 2,414 13,422 24,600

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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