Unique Restaurant in VA - 32561

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Dining Business Available
Asking Price:
$789,000

Gross Revenue:
$2,700,000
Cash Flow:
$265,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$35,000
included in asking price

FF&E:
$105,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Unique Restaurant- 9,970 SF. This business must be visited to be appreciated. It offer 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 $610K in liquid funds to cover the $500K down payment, approx. $35K inventory 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.

We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

About the Business

Location:
Virginia
Number of Employees:
20ft/12pt
Website:
www.vestedbb.com/lid-32561
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About the Sale

Training/Support:
Seller will train
Seller Financing:
500,000.00 Down & $289K over 5 yrs. @ 5%

Listing Info

ID:
1661345
Ad Detail Views:
0

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Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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