Turn-Key Restaurant
For Sale
Contact for pricing
6903 Lee Highway, Chattanooga, TN 37421
Restaurant for sale at 6903 Lee Highway, offering current service of Korean cuisine, pho, and boba tea.
Property Size2,800 SF
Price / SF$105.36
Days on Market64
Property Features for 6903 Lee Highway
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail, Business for Sale
Additional Details
Business Included
Yes
Listing Agency:
Keller Williams Greater Chattanooga
Listed By:
Kim Tudor · License #348585
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Aug 4 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Chattanooga
Investment Insights
Based on property information with market context.
This for-sale restaurant business is an established operation with the current owner running the business for more than six years. The concept has evolved from an originally Vietnamese-focused restaurant into a multi-cuisine dining operation centered on Korean cuisine, popular Vietnamese pho, and boba tea. The business is presented as a turn-key opportunity for a new owner seeking to continue an operating restaurant rather than start from scratch.
The property is located at 6903 Lee Highway in Chattanooga, Tennessee. The offering is tied to the ongoing operation and includes the existing customer base and brand reputation the current owner has built during their tenure, according to the provided remarks.
For buyers, this setup can fit an owner-operator model looking to take over an operating restaurant that already serves multiple menu categories and attracts a range of customers. It may also appeal to an investor or buyer who wants a restaurant business with proven operational continuity based on the documented time the current owner has operated the business. For more information and a confidential showing, contact the listing agent.
The property is located at 6903 Lee Highway in Chattanooga, Tennessee. The offering is tied to the ongoing operation and includes the existing customer base and brand reputation the current owner has built during their tenure, according to the provided remarks.
For buyers, this setup can fit an owner-operator model looking to take over an operating restaurant that already serves multiple menu categories and attracts a range of customers. It may also appeal to an investor or buyer who wants a restaurant business with proven operational continuity based on the documented time the current owner has operated the business. For more information and a confidential showing, contact the listing agent.
Key Highlights
- Restaurant for sale at 6903 Lee Highway
- Current menu offers Korean cuisine, Vietnamese pho, and boba tea
- Owner‑operated for over 6 years, with an established customer base
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $13.20 |
| − Vacancy | −$2.2k | −$0.79 |
| EGI | $34.7k | $12.41 |
| − OpEx | −$8.7k | −$3.10 |
| NOI | $26.1k | $9.31 |
2,800 SF · lease $13.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$372.2K
$325.7K – $434.3K
NOI $26,057 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.4K
$541.1K – $721.5K
NOI $43,288 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
130k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 22%
Dining 19%
Hotels & Casinos 15%
Food City
Groceries
28,973 visits/mo
0.1 miles
Speedway
Shops & Services
14,945 visits/mo
0.1 miles
SONIC Drive In
Dining
12,433 visits/mo
0.3 miles
Shell
Shops & Services
11,925 visits/mo
0.5 miles
Waffle House
Dining
10,686 visits/mo
0.4 miles
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant for sale at 6903 Lee Highway, offering current service of Korean cuisine, pho, and boba tea.
Where is this conventional restaurant located?
The property is located at 6903 Lee Highway Chattanooga, TN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Restaurant for sale at 6903 Lee Highway; Current menu offers Korean cuisine, Vietnamese pho, and boba tea; Owner‑operated for over 6 years, with an established customer base
