Deli-Style Restaurant in Northern Virginia

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Deli-Style Restaurant in Northern Virginia
Asking Price:
$99,000

Gross Revenue:
$225,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$40,000
included in asking price

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Business Description

This busy establishment offers delicious bagels, along with a full line of signature sandwiches made from a wide range of deli meats and cheeses, on a choice of bread or rolls. The salad selection includes pasta, chicken and tuna, and there is a nice choice of deli-type desserts, such as cheesecake, as well as coffee, soft drinks and other beverages. The Company will deliver large orders. It also has developed a growing catering business.

About the Business

Year Established:
2013
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,225
Rent:
$1.67 Per Month
Lease Expiration:
12/31/2019
Facilities:
The restaurant is located in an attractive, readily-accessible commercial area, with highly visible signage. The store operates from 1,225 sq. ft. of leased space and is fully outfitted with relatively new equipment, which has the capacity to support a substantially higher volume of sales. There are 12 months left on the current lease, with a five-year option thereafter.
Market Outlook/
Competition:
The store is located in an area about 30 miles west of Washington, DC with a very rapidly growing, upper-middle income population. The number of residents in the Company’s zip code has more than tripled since 2000. There are a number of eating establishments in this growing market area. However, reinforced by very favorable customer reviews and an attractive web site, this restaurant has achieved a strong market presence in the community.
Growth & Expansion:
The business is well-positioned for future expansion. As indicated above, it has become well established in its growing market area, with a reputation for tasty, high quality offerings. In a relatively short time, Revenue has grown to $250,000 and continues to rise. The stage is set for a new owner to sharpen and expand sales and marketing activities to realize this growth potential, specifically:
• A 400-unit housing development, plus a new school, is opening right across the street;
• The Deli can be opened for dinner, greatly impacting on sales and profits;
• Catering and delivery can be expanded with intensified promotion; and
• There are many new items that could be added to the menu.
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About the Sale

Reason For Selling:
The owner has an opportunity to move into another, long sought-after occupation.
Training/Support:
The owner will remain a sufficient time after the sale to fully train the new owner(s) on the operations of the business and introduce them to its suppliers.

Listing Info

ID:
1592720
Ad Detail Views:
0

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Business Listed by

Bob Marik

The Litchfield Group

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U.S. Census Data for Virginia
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia
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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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