Blacksburg, VA- Highly profitable restaurant for sale in the downtown

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Asking Price:
$179,000

Gross Revenue:
$932,929
Cash Flow:
$114,472
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

A downtown Blacksburg, VA Contemporary American Cuisine Restaurant for sale that is a favorite for locals and out of town clientele. This restaurant is located in a bustling town that attracts travels from afar and steps away from Virginia Tech campus.

This Restaurant focuses on impeccable food which is locally sourced whenever possible and features an ever-changing selection of fresh, seasonal, unique dishes providing for an upscale, fine dining experience. The main interior dining room features a modern rustic interior providing a warm, intimate feeling for diners. The restaurant also offers a private outdoor patio for additional seating or to enjoy a cocktail and sunshine. A cozy bar is also part of this business with a separate entrance available for an opportunity to enjoy top shelf cocktails in an enjoyable, open environment. Patrons have described the cuisine as impeccable, staff that is very knowledgeable and a dining experience providing great ambience.

The location of this restaurant business has very limited competition among the sports-driven dining options that are plentiful in the downtown location. There are several parking options in the area including two conveniently located public parking lots. All metered parking in the area is free after 5 p.m. The restaurant is open currently for lunch and dinner and has the potential of a Sunday brunch business which would work well in the area. The building had a $200,000 renovation to prepare for the restaurant and 2,424 sq. ft. The business currently has the potential to provide an owner a six- figure salary and beyond.

Blacksburg, VA is nestled in a sheltered basin between the Blue Ridge and Alleghany mountains with a population of 46,260 as of the 2010 census. Blacksburg is well known as the college town of Virginia Tech and is loved for its crisp fall days, far mountain vistas and freshwaters along the streets of the town. Blacksburg consistently ranks among the country’s best places to live, study and work. Here, you’ll find shops, restaurants, galleries and outdoor activities in abundance, while enjoying a warm, welcome small-town feel. The Virginia Tech corporate research center, with over 230 acres hosting more than 180 companies and 5,000 employees, helps to attract and retain one of the best-educated workforces in the country. This may be the perfect place you have always desired for a business opportunity and you won’t regret the choice of serene mountain views or the access to hiking, biking, and horse trails to get yourself a ticket to catch a world-class musician performing at the Moss Arts Center on the Virginia Tech campus.

For more information about this exceptional business opportunity, please contact: Jenni Hushour, Broker - CMSBB
Email: jhushour@sunbeltnetwork.com
Phone: (540) 293-0340
Visit and like my facebook page at: https://www.facebook.com/jennihushourbroker

For more information on this business or any other business that you may be interested in, please contact Sunbelt Business Brokers of Roanoke and Lynchburg - United Country/Roanoke Realty & Auction located in Roanoke, VA. Contact information: 540-293-0340 or jhushour@sunbeltnetwork.com. View our company website at http://http://www.sunbeltnetwork.com/roanoke-va/. You can also like our Facebook page and receive periodic business listing updates. Our Facebook page is Sunbelt Business Brokers of Roanoke and Lynchburg - https://www.facebook.com/sunbeltbusinessbrokersroanoke/

About the Business

Year Established:
2014
Real Estate:
Leased
Building Sq. Ft.:
2,424
Rent:
$1.00 Per Month
Market Outlook/
Competition:
This restaurant doesn't have any direct competition in the downtown area with the same type of menu.
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About the Sale

Reason For Selling:
Career Change
Training/Support:
Will train

Listing Info

ID:
1508207
Ad Detail Views:
366

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Business Listed by

Jenni Hushour

Sunbelt Business Brokers

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Sponsoring Broker:

Mike Keen
Sunbelt Business Brokers

U.S. Census Data for Montgomery County, 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 Montgomery County, 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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