Successful Restaurant / Bar For Sale

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Asking Price:
$175,000

Gross Revenue:
$720,000
Cash Flow:
$80,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$24,300
included in asking price

FF&E:
$217,000
included in asking price

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Business Description

Excellent turn-key Restaurant specializing in both American and Italian foods and offering full Bar Service. Located within close proximity (Walking Distance) to a major University campus within the Shenandoah Valley.
Tremendous opportunity with less required time and investment for a start-up venture or expansion of an existing franchise.

About the Business

Location:
Harrisonburg, Virginia
Year Established:
2016
Number of Employees:
18
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,860
Rent:
$1.09 Per Month
Lease Expiration:
2/28/2026
Facilities:
Well presented Restaurant with separate Bar area that seats 108 patrons in total, not counting outside seasonal seating area (another 24) on back deck. Totally refurbished in 2015, all FFE and Kitchen Equipment is in "Like New" condition. 3 large Walk-In Coolers plus large beverage system allowing up to 30 Beer Kegs on tap. Basement provides rear delivery entrance, plenty of storage area, and Manager Office with full camera security system. Large TV's located throughout premises with complete Sound System.
Leased through Feb. 2026 with current rent of $4200/month. Lease can be assignable to approved new owners.
Market Outlook/
Competition:
This is a prime location for the university crowd with really no other similar competition this close to campus. Current available parking is limited, but opportunity exists to obtain additional evening parking in adjacent lots and/or university garage for customer use.
Growth & Expansion:
Business is currently profitable with growing annual revenues and potential for even better financial performance if marketed and managed properly.
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About the Sale

Reason For Selling:
VERY MOTIVATED Owners wish to concentrate on other existing Businesses.
Training/Support:
Existing employees are expected to stay and current Business Owners are willing to provide management training during a transition period to new operators.

Listing Info

ID:
1574960
Ad Detail Views:
1113

Attached Files Attachment Disclaimer

  Restaurant For Sale Flyer (1 MB)
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Business Listed by

Donn Meyerhoeffer

Cottonwood Commercial
License# 0225169243

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