Turn-Key Restaurant
6903 Lee Highway Chattanooga, TN 37421
6903 Lee Highway, Chattanooga, TN, 37421
Contact for pricing
For Sale
Contact for pricing
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 Market51
Property Features for 6903 Lee Highway
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Retail, Business for Sale
Listing agency
Keller Williams Greater Chattanooga
Listed by
Kim Tudor · License #348585
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 3:57AM
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chopstix: Vietnamese, Korean, ...
Restaurant
Similar For Sale Nearby
FAQs
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
