Contemporary Upscale Restaurant in Fredericksburg right off I-95

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Asking Price:
$348,000

Gross Revenue:
$500,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

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

FF&E:
$250,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The inspiration for this restaurant is the realization that there is a need for an upscale restaurant that can provide high-quality food and beverage business with excellent service at a fair price. This restaurant locates at the prime location of Fredericksburg surrounded by major shopping centers and business offices right off I-95. Restaurant serves all American contemporary cuisine infused by Asian, Italian and South American flavors. It is also a great place for a cocktail and brew after a long day of work during the happy hour. Elegant party room is also available for hosting corporate meetings and holiday events. With proper targeted marketing campaign the potential for growth within this community area will allow a new owner to continue to see year over year growth for the foreseeable future.

• Tracking $400,000+ in annual sales with growth potential.
• Casual dining with white-tablecloth upscale service at a good price
• Staff in place allows for absentee ownership if desired.
• Great opportunity for local Fredericksburg night life business with proper set up.
• Elegant party room is available for holding corporate meetings and holiday events.
• Current location is at the heart of Fredericksburg with major shopping centers and business offices right off I-95.
• Excellent acquisition opportunity to start a Fredericksburg landmark in hospitality and restaurant business.
• 6,000 sq. ft. overall facility

About the Business

Number of Employees:
16
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About the Sale

Reason For Selling:
other business interests
Training/Support:
4 weeks
Seller Financing:
174000.00

Listing Info

ID:
1230382
Ad Detail Views:
1588

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Business Listed by

Lex Meredith

Transworld Business Advisors

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Memberships:
U.S. Census Data for Spotsylvania, Stafford and Fredericksburg 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 Spotsylvania, Stafford and Fredericksburg 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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