Authentic Middle Eastern Restaurant For Sale (Price Reduced)

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Authentic Middle Eastern Restaurant For Sale
Asking Price:
$90,000

Gross Revenue:
$720,000
Cash Flow:
$120,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Reduced asking price $150,000 to just $90,000 ( OBO) Quick sale due to the urgent need to move overseas, seller needs to unload a successful restaurant in Arlington, VA. 60 seats. 1,800 square feet. New lease to be structured. Currently no beer/wine/liquor but can be added for additional income and attraction. Gross over $700,000/year. Current rent is approximately $6,700/mth including net charges (Real Estate Tax, Insurance, Common Area Maintenance). Can keep the same menu or change to a different menu. Contact Mr. Vinh/Westgate Business Group 703-609-4640 for further info.

About the Business

Year Established:
2015
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$3.75 Per Month
Lease Expiration:
12/31/2019
Facilities:
1,800 square feet. 60 seats. 30 parking total.
Market Outlook/
Competition:
Not much competition with the current menu
Growth & Expansion:
Can keep the same menu or change to any new concept
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About the Sale

Reason For Selling:
Move back overseas
Training/Support:
If keeping the same menu, seller can help initially for a short period.

Listing Info

ID:
1591481
Ad Detail Views:
0

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Business Listed by

Vinh Nguyen

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

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