
Price: 950,000.00 USD
The Old Lighthouse Diner 1/4 mile to the Hard Rock Casino & Hotel.
It should be open at least from 7am to 9pm at night 6 days a week, Monday to Saturday,
Sundays are closed, but a very very busy day, if you so choose to be open.
Present Hours of Operation
7:30 am – 1:30 pm, Monday – Saturday, closed Sundays, Thanksgiving & Christmas;Employees: 52 Servers – $5 per hour and only tips declared are credit card tips;
2 Cooks – $10 per hour;
Dishwasher: $9.50 per hour;
Manager – $700 per week, also works as a server, declares only credit card tips, manager also gets 1 week paid vacation per year plus 2 days off & paid for anniversary of marriage only;
Diner will be fully stocked until Closing at Title company here in Bristol, TN.
All employees are paid for Thanksgiving & Christmas Day, I normally close. To be paid for Thanksgiving and Christmas all employees must work the day before and the day after the holiday.The business, inventory, furniture, appliances, and real estate, the selling Price is $950,000, $400k down payment and I will hold the note by financing @ 6% for 12years,
This is currently owner operated, but I am only operating 7 hours per day, but it should be running 14-16 hours per day.
Where the property is located, the Hard Rock Casino and Hotel is presently being constructed, just about 1/4 mile up the street. I am the closes Restaurant to the Hard Rock Hotel & Casino.
Look at the reviews on TripAdvisor and Google. Funds acceptable shall be Wired funding!
Tax returns will not be disclosed to anyone, because my wife and I file jointly, and she will not agree to revealing any of her personal information.
The Old Lighthouse Diner,
2520 W State St, Bristol, TN 37620,
Contact: Jeff Rountree
jeffrountree@reddooragency.com
+1(239)229-5267, cell +1(423)541-0256, office
Wired Funds will only be accepted
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Wire instructions:
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Eastman Credit Union
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PO Box 1989
Kingsport, TN 37662
(423) 229-8200 -
ABA/Routing: 264279350
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Acct. number: 105590336
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ECU Member: 8000239794
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Angelo L. Gonzalez Jr
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2520 W State Street
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Bristol, TN 37620
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423-612-5802
AS-IS DISCLAIMER CLAUSE
EXCEPT FOR THE WARRANTIES EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER PARTY MAKES ANY WARRANTIES,
AND EACH PARTY HEREBY DISCLAIMS ALL OTHER WARRANTIES, ORAL OR WRITTEN, WHETHER EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE, RELATING TO THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION,
THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE,
AND ALL WARRANTIES ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE IN TRADE.
ALL OF THE RIGHTS PROVIDED HEREUNDER ARE PROVIDED ON AN AS-IS, WHERE-IS BASIS, WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY INTELLECTUAL PROPERTY RIGHTS OR FITNESS FOR A PARTICULAR PURPOSE, ALL OF WHICH ARE HEREBY DISCLAIMED.
Item specifics
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Seller Notes
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“We have been here since June 11, 2011, we have invested much to make the place free of any problems.”
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Acreage
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0.25
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Seller State of Residence
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Tennessee
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Property Address
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2520 W State Street
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Type
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Retail
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Zip/Postal Code
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37620
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Zoning
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B-4
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City
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Bristol
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State/Province
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Tennessee
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