Popular Full Service Waterfront Restaurant

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Asking Price:
$350,000

Gross Revenue:
$1,630,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$200,000
included in asking price

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Business Description

Full-service themed restaurant with great food, great views, entertainment and a popular bar on the river. Profitable with good books and records. Motivated seller is ready to retire. This is a turnkey business opportunity. A new owner should not experience any downtime in the transition of ownership as the seller is providing onsite training and transition support.

About the Business

Location:
Stewart, Virginia
Year Established:
2005
Number of Employees:
4 FTE, 15 PTE
Real Estate:
Leased
Building Sq. Ft.:
6,400
Rent:
$8,060.00 Per Month
Facilities:
6,400 sq. ft. leased space. Seats 220
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will negotiate a transition period

Listing Info

ID:
1627113
Ad Detail Views:
0

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Business Listed by

Charles Broadwater

Sunbelt Business Brokers / Broadstone Capital LLC.

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U.S. Census Data for Richmond city County, VA
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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