Unique 9,970 Square Foot Restaurant for Sale in VA 32561
Spacious Eatery for Sale in VA 32561
(Seller's Discretionary Earnings)
not included in asking price
included in asking price
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Unique Restaurant- 9,970 SF. This business must be visited to be appreciated. It offers 9,970 sf with 2 full dining rooms (70 seats in each dining room) and 3 bars (100 bar seats in total). It is one of the few locations in the area that can accommodate multiple, large, separate dining events (private parties, fundraisers, etc. There is a huge kitchen with new compressors on all refrigeration, 3 walk-ins and a large basement for storage. They are currently open 6 days. This year sales are averaging 48-51K/wk with consistent growth ($2.7 mil. in gross sales projected for this year) with a net profit of approx. $265,000.00. There are 19.5 years left on the current lease (9.5 plus two 5 yr. options) at a rent of $25,000/mth. The business is fully-staffed with 20 full-time and 10-12 part-time employees. They have a state-of-the-art POS system. We are seeking a serious and financially qualified buyer with at least $575K in liquid funds to cover the $500K down payment and $75K rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only.
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