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Pizza, Subs, and Casual Italian Rest., in Fredericksburg, VA

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Fredericksburg, Virginia (Stafford Co.)   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale   |  Businesses for Sale Between $150k and $250k

Business Description

Unique, and Outstanding Opportunity with a very large upside for Growth and Expansion. Currently a Local Franchise, however, new owner is not required to keep the Franchise if they choose. Large space of 5,500 Square Feet, of which a separate room built out as a Bar, and a Large Private Party Room, both of which are not currently being used offers the ability to grow the Revenues simply by fully using space. As an Absentee Owner the current owner Generates approximately $480,000 in Gross Revenues, and $48,000 in Net Income. As an Owner Operator, the Gross Revenues could be easily $700-$800,000, and Net Income could be $100,000+. Located within walking distance of 5 Hotels, also makes this a Great Location. Don't Miss this One.

About the Business

Year Established:
2005
Number of Employees:
4 FT, 8 PT
Real Estate:
Leased
Building Sq. Ft.:
5,500
Lease Rate/Sq. Ft./Yr.:
$7.64
Lease Expiration:
6/30/2022
Facilities:
5,500 Square Feet, with 2 Rent options. $3,500 per month total rent if tenant handles all property maintenance, or $7,000 per month total rent and Landlord handles exterior maintenance. Lease term of 5 Years with One 5 Year Option. Current rent is Level for 5 years, and Option Rent includes a 3 or 4% annual increase.
Market Outlook/
Competition:
Standard Food service competition in the area, and with use of Bar area there is no competition locally.
Growth & Expansion:
Being a Hands on Owner Operator to maximize Revenues, and fully using the currently unused Bar Area, and a Separate Large Party room, Along with doing Marketing and Advertising to let everyone know you are there.
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About the Sale

Reason For Selling:
Other Business Interests
Training/Support:
Seller will give 2 weeks of Training/Transition.
Seller Financing:
Negotiable

Listing Info

ID:
1383154
Ad Detail Views:
33
Asking Price:
$225,000

Gross Revenue:
$500,000
Cash Flow:
$78,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$150,000
included in asking price

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Business Listed by

Gary Steven Russell

G. S. Russell Business Brokers and Advis

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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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