American Restaurant For Sale! ( Price Reduced)

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Very Profitable American Restaurant for Sale!
Asking Price:
$595,000

Gross Revenue:
$1,500,000
Cash Flow:
$350,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Established business for 10+ years. Gross Income exceeds $1.5 million/year. Net Income approximately $350,000/yr.
Very nice restaurant with outside seating and 2 bars. Keep same concept or change to a different menu with minimal work. Lots of event booking during the year. Great opportunity to prosper in this growing city of Winchester.

About the Business

Year Established:
2007
Number of Employees:
25
Real Estate:
Leased
Building Sq. Ft.:
6,600
Lease Amount/Mo.:
$10,000.00
Facilities:
300 Seats
1 Entertainment Space with Performance Stage
2 Bars
Patio Seatings
Market Outlook/
Competition:
Great location and has ben in business for over 10+ years with existing clientele. Well run business with great revenue.
Growth & Expansion:
There are limited types of restaurants in the Winchester area that there's lots of room to grow with a new concept, or keep the same concept with more marketing for events especially during the summer months.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Owner will stay for training.
Seller Financing:
No Seller Financing

Listing Info

ID:
1527286
Ad Detail Views:
553

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$
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Business Listed by

James Pham

Westgate Business Group, LLC

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Sponsoring Broker:

Vinh Nguyen
Westgate Business Group, LLC
License# Licensed in DC, VA, MD

U.S. Census Data for Frederick and Winchester 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 Frederick and Winchester 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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