Restaurant for sale With or Without Real Estate in Charlestown, WV

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Restaurant for Sale With or Without Real Estate in Charlestown, WV

Business Description

Large Diner/Restaurant located in Charlestown, WV. Very busy, with Strong Revenues, and high Cash Flow. Seating for up to 300, with various rooms, some of which are perfect for Private Parties. Currently Open everyday from 6:00 AM till either 11:00 PM or 12:00 AM. Previously was open 24 Hours a Day, and could earn an Additional $500,000 in Gross Revenues if returned to 24 Hours. A Family owned business, which doesn't currently hold a Liquor License. Adding Beer, Wine, and Liquor would also greatly increase Gross Revenues. The business is currently being run as a Semi-Absentee, almost fully Absentee operation. Being a full time Hands on Owner Operator is also a way to grow the Gross Revenues, and the Cash Flow. Owner will Sell just the business, or the business and the Real Estate.

About the Business

Location:
Charles Town, West Virginia
Year Established:
2003
Number of Employees:
75
Real Estate:
Owned
Facilities:
8,000 Square Feet. If the Property is not purchased, the Total Rent would be $14,000 per month plus Insurance & Taxes. Long Term Lease available.
Market Outlook/
Competition:
No Similar business competition in the area.
Growth & Expansion:
Being a full time Owner Operator, along with being open 24 Hours a day, and adding a Liquor License.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will give 2 - 4 weeks of Training/Transition.
Seller Financing:
Negotiable

Listing Info

ID:
1585671
Ad Detail Views:
955
Asking Price:
$1,350,000

Gross Revenue:
$2,850,000
Cash Flow:
$605,989
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$30,000
included in asking price

FF&E:
$525,000
included in asking price

Real Estate:
$2,300,000
not 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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