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Absentee Owned Very Profitable Restaurant - Manassas Location

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Business Description

Well established diner for many years with loyal customer base. Located in strategic & busy location. Owner is absentee and does not handle day-to-day operations as he has a manager in each location. Very lucrative turn key opportunity generating a strong income to the new owner with possibilities to increase income more. Don't miss it!

About the Business

Year Established:
2011
Number of Employees:
23
Real Estate:
Leased
Facilities:
Spacious 5,600 sq/ft dining facility with seating inside & outside. Total rent: $13,866/mo. Current lease expires in 2020 + 2(5) year options to renew (2030).
Market Outlook/
Competition:
Prime location
Growth & Expansion:
Possible by adding alcohol license & doing more advertising & marketing online.
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About the Sale

Reason For Selling:
Other interests
Training/Support:
2 weeks
Seller Financing:
SBA financing available with 30% down-payment

Listing Info

ID:
1378234
Ad Detail Views:
96
Asking Price:
$750,000

Gross Revenue:
$1,184,188
Cash Flow:
$317,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
not included in asking price

FF&E:
 Not Disclosed

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Business Listed by

Omar Alhariri, CBI

DC Business Broker, Inc.

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U.S. Census Data for Prince William, Manassas city and Manassas Park city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Prince William, Manassas city and Manassas Park city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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