Profitable Central Virginia Restaurant, with Real Estate Available
Restaurants & Food Businesses for Sale
- Primary Category: American Restaurants for Sale
* Over forty years of successful operation at this location.
* Extremely profitable. Limited competition.
* Enviable reputation in the marketplace for high-end food products and outstanding customer service.
* All food items are 'made to order'.
* Large, loyal customer base.
* Well-trained, motivated and customer friendly staff.
* The staff will easily transition customers to a new owner.
* Dominant brand presence in market served.
* Well thought out and efficient workflow throughout the restaurant.
* Equipment is in excellent condition, well-maintained and includes many new and recently upgraded items.
* Owner plans to retire following a transition period with the new owner.
* Great lifestyle location. Small town environment. Wonderful recreational opportunities, low crime rate.
* Semi-Absentee Owner
Financial Information
- $545,000 Asking Price
- $295,000 Cash Flow
- $1,100,000 Gross Revenue
- Negotiable Down Payment
Business Location
- City: Rural Community Central Virginia
- State: Virginia
Reason for Sale
- Owner retirement
Detailed information
- Year Established: 1980
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 7
- Part-Time Employees: 6
- Contractors: N/A
- Owner Worked Hours/w: 30
- Adjusted EBITDA: On request
- Inventory Included: Yes
- Inventory Value: $4,000
- Monthly Rent: On request
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: $250,000
- Building Size: 2400
- FF&E Included?: Yes
- FF&E Value: $50,000
Training/Support
- The seller will provide ample post-close training and transition for the new owner.
Facilities
- This is a 2400 sq. ft. , well-designed facility with a drive-thru. Seating is provided for 60 customers and parking for 36 cars. A fantastic new sign package has just been installed and there are many upgrades and new pieces of equipment.
Market Outlook/Competition
- Competition is limited
Real Estate Description
- Available for lease or purchase
Business Listed by
Charles Broadwater
Sunbelt of RichmondContact Business Broker
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