Fredericksburg Established & Profitable Family Restaurant Acquisition

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Asking Price:
$395,000

Gross Revenue:
$669,239
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$7,500
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

This restaurant has been a family run business for over 22 years, and is known to the locals for its good food and warm, friendly hospitality. It is a hotspot for breakfast and lunches. Offering flavors of Greek, Italian, and Americano in an extensive menu along with in-house baked breads and pies. Presently it is running on 95% returning customer with no marketing expense. The new owner can easily expand on business simply through marketing, along with offering off site catering and booking private banquet events. Located on a heavily traveled central artery into major city and receiving a lot of visual marketing. Open Tuesday through Saturday 6am - 8pm, Sunday 6am - 2:30pm. There is ample private parking outside of the business. The restaurant seats 100 customers comfortably. Staffing is 3 full time in the kitchen and 5 part-time in the dining area. Owner is selling to pursue other business ventures and is willing to stay on at no charge for 4 weeks training.

? 3,500 sf overall facility (dining room, kitchen and office)
? Dining room seats 100
? Private parking
? Located on heavily traveled artery into major city
? $9,000 per monthly lease - currently this property is owned by the business seller.
? At present there is an option to buy the commercial property.

About the Business

Year Established:
1995
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
3,500
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About the Sale

Reason For Selling:
other business interests
Training/Support:
4 weeks
Seller Financing:
197500

Listing Info

ID:
1335315
Ad Detail Views:
1236

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Business Listed by

Steve Sigman

Transworld Business Advisors

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U.S. Census Data for Spotsylvania, Stafford and Fredericksburg city Counties, VA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Spotsylvania, Stafford and Fredericksburg city Counties, VA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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