For Sale
$3,500,000

2078 Hollywood DrJackson, TN 38305

Thriving food service business, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully operational, 24-year-old food service and catering business located at 2078 Hollywood Dr, Jackson, TN 38305. The property consists of a 12,000 square foot, two-story Class B building on a 1.5-acre lot, built in 1974, with an additional 5,000 square feet of basement space featuring roll-up doors. The building boasts a prime location on a US Highway with a daily traffic count of 15,446 vehicles, ensuring high visibility and accessibility. The business, operating under the name "Sew Carefree," includes a retail component offering fresh, ready-to-eat food, and a thriving corporate catering arm averaging 20 events daily. It also holds a contract to service two school cafeterias, feeding 1,500 students daily (August-May). The sale includes all inventory, appliances, recipes, nine vehicles, intellectual property, website, and telephone number. The property features a drive-up covered loading dock, a state-of-the-art commercial kitchen, multiple walk-in freezers and coolers, and extensive prep areas. The 100% occupied building has 28 parking spaces and is zoned for general business use. A net lease with a remaining term of four years (five-year total term) is in place, generating rental income from a tenant. The asking price is $3,500,000, representing a price per square foot of $291.67 and a 13% cap rate. This turnkey operation offers significant potential for growth and presents a compelling investment opportunity for both established and aspiring entrepreneurs in the food service industry. The business employs 45 people.

Property Details for 2078 Hollywood Dr

Property type
Retail properties
Square Feet
12,000 SF
Class
B
Year Built
1974
Buildings
1
Stories
2
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Jackson
County
Madison
State
Tennessee
Latitude
35.65137575
Longitude
-88.8678708
2078 Hollywood Dr, Jackson, Tennessee

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2078 Hollywood Dr
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