Established Downtown Lynchburg Restaurant/Bar

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Asking Price:
$150,000

Gross Revenue:
$400,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

22 Years of Good Will ready to be passed to the new owner's of this established downtown anchor. The current operating hours open up many opportunities for growth, as well as the under-utilized second floor. Continental cuisine of various Western European countries. Purchasing the property in the vibrant downtown market may also be possible.

About the Business

Location:
Lynchburg, Virginia
Year Established:
1997
Number of Employees:
15
Real Estate:
Leased
Building Sq. Ft.:
8,646
Rent:
$3,000.00 Per Month
Facilities:
Main floor dining room and bar, with kitchen on the same floor. Many expansion opportunities.
Market Outlook/
Competition:
Pros:
Established Business
High demand part of town with more growth on the horizon

Cons:
As the area grows, so will the number of competitors
Parking can be a problem if one expands into the lunch market
Growth & Expansion:
Pros:
More opportunity if the hours are expanded from the current 4:30-9:30 Mon thru Sat

Cons:
More overhead, mainly being payroll
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About the Sale

Reason For Selling:
Other Obligations
Training/Support:
Owner will assist in transition.
Seller Financing:
Purchase of property may be possible

Listing Info

ID:
1656993
Ad Detail Views:
283

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Business Listed by

Jimmy Rufus

The Rufus Group EXP Realty
License# 0225183489

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