Roanoke, VA- Prime Real Estate 30+ year Award winning Restaurant

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Asking Price:
$1,900,000

Gross Revenue:
$1,315,602
Cash Flow:
$347,527
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

IF YOU ARE LOOKING FOR PRIME REAL ESTATE, LOOK NO FURTHER!
A prime location, Award winning restaurant opportunity boasting 6,794 sq. foot of space in a very desirable area in Roanoke County. Once inside, you will marvel at the attention to detail in this meticulously maintained; totally renovated property, as well as a chef’s dream with an over sized kitchen and a baker's station for homemade desserts. This opportunity is totally turn key and offers a unique dining experience that has held true for 30+ years with a very dedicated clientele base.

This profitable, upscale Roanoke, VA business boasts magnificent mountain views as well as an eclectic menu that has not direct competition in the marketplace. The business offers the ability to host large and small private gatherings, and again has no other competition within that niche’; becoming a premier spot for business bookings year after year. Real estate, FF & E and inventory included in this sale. The owners are dedicated to transitioning a new owner if requested. This business also upgraded the roof on this building as of 2018 at the cost of $100,000. As previously mentioned, this building has been very well taken care of and attention to detail will show.

ABOUT THE AREA:
The Roanoke Valley is located in the heart of the Blue Ridge Mountains and offers striking views of the surrounding peaks and easy access to the Blue Ridge Parkway with eight different entry points. In addition to the Parkway, Interstate 81, U.S. 460 and U.S. 220 all make their way through Virginia's Blue Ridge.

For more information about this exceptional business opportunity, please contact:
Jenni Hushour
E-Mail: jhushour@sunbeltnetwork.com
Phone: (540) 293-0340

For more information on this business or any other business that you may be interested in, please contact Sunbelt Business Brokers of Roanoke and Lynchburg - United Country/Roanoke Realty & Auction located in Roanoke, VA. Contact information: 540-777-1585 or jhushour@sunbeltnetwork.com.

View our website at http://http://www.sunbeltnetwork.com/roanoke-va/. You can also like our Facebook page and receive periodic business listing updates. Our Facebook page is Sunbelt Business Brokers of Roanoke and Lynchburg - https://www.facebook.com/sunbeltbusinessbrokersroanoke/

About the Business

Year Established:
1990
Real Estate:
Owned
Building Sq. Ft.:
6,794
Market Outlook/
Competition:
No competition within the area and for a good radius beyond.
Growth & Expansion:
Opportunities for expansion with a catering side, additional hours with lunch and a high demand for a Sunday Brunch option in this location.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owners are dedicated to provide necessary training for a new owner as well as long term staff at this business that will be willing to stay on and have developed strong customer ties with the community in their years of employment.

Listing Info

ID:
1378330
Ad Detail Views:
492

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Business Listed by

Jenni Hushour

Sunbelt Business Brokers

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Sponsoring Broker:

Mike Keen
Sunbelt Business Brokers

U.S. Census Data for Botetourt, Montgomery, Roanoke, Roanoke city and Salem 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 Botetourt, Montgomery, Roanoke, Roanoke city and Salem 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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