30-year, Highly Profitable, Fully Staffed, Destination Restaurant

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**Highly Acclaimed; Forbes Top 50**
Asking Price:
$595,000

Gross Revenue:
$1,814,376
Cash Flow:
$278,695
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$40,000
not included in asking price

FF&E:
$290,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This business has been in operation over 30 years and still has growing Owner Benefits averaging over $250k for the past five years. Highly regarded, with many accolades, this restaurant is a destination location for its high quality cuisine and service. Interior upgrades have taken place over the last three years and key kitchen upgrades in the last six months. Commercial and residential development is underway in the area. The lease is under 6% and food costs are 30-32% of gross revenue.

About the Business

Location:
Virginia
Year Established:
1985
Number of Employees:
28
Facilities:
Facilities include seating for approximately 120 which includes the bar area, main dining area and an additional dinning room which can also host up to 40 people for private events. Equipment typical of an established, full-service restaurant and bar included.
Market Outlook/
Competition:
This destination restaurant is established in the region and unique in it’s offering. Competition in this cuisine category is minimal.
Growth & Expansion:
Continued growth opportunities include basic efficiency efforts in food and other overhead costs.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Training and support provided for two weeks at no cost.

Listing Info

ID:
1662538
Ad Detail Views:
208

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Business Listed by

Fred Walker

Murphy Business & Financial VA

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