Profitable Restaurant, Bar & Lounge MRB VA 806

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Business Description

Turnkey Business for sale - Very profitable, restaurant / bar that is well established and located on a high traffic road 40 miles west of DC. It’s proximity to local businesses and many neighborhoods draws a strong crowd who enjoy the food specials on the menu and is a hot spot to watch sporting events. There is seating for 490 spread between bar stools, booths and tables, throughout the 14,000 sq ft building. Has been open for nearly 17 years with annual sales over $2,800,000 and is generating cash flow of $336,000 annually. The current owner is SEMI ABSENTEE and is ready to retire.

Price: $775,000 (possible owner financing)
Sales: $2,800,000
Cash Flow: $336,000
Rent: $14,400 all in
Utilities: $6,500 per month
Payroll: $55,000 per month
Term: 5 years plus 2/5 year options
Size: 14,446 SF
Employees: 50
Established: 2004
Parking: 400 spaces
Reason for Sale: Retirement

Please inquire for more information.

About the Business

Location:
Virginia
Year Established:
2004
Number of Employees:
50
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About the Sale

Reason For Selling:
Retire
Seller Financing:
possible seller financing

Listing Info

ID:
1680999
Ad Detail Views:
155

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  NDA-Metropolitan Restaurant Brokers (77 KB)
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Asking Price:
$775,000

Gross Revenue:
$2,800,000
Cash Flow:
$336,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Sam Saa

Metropolitan Restaurant Brokers

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