Sell a Business!
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Virginia Business For Sale |
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| UPSCALE RESTAURANT |
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| Attn: Omar Alhariri |
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| Sterling, VA, USA |
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| Asking Price: |
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$700,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Retirement. |
| Year Established: |
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1998 |
| # of Employees: |
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16 |
| Yearly Revenues: |
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$1,600,000 |
| Yearly Net Profit: |
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$200,000 |
| Monthly Payroll: |
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$22,000 |
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Business for Sale Overview:
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A fantastic opportunity to own a well established restaurant in great location in a fun atmosphere! They serve Euro-Asian "Fusion" style menu dishes that got people coming back to it for some more. It's Hawaiian style restaurant, they have tropical drinks, the outdoor patio is landscaped, also has a private dining room that can seat up to 45 people. Currently they have 170 chairs but permit allows them to seat up to 299 people. Monthly payroll expense; $22k/mo. Sales breakdown: Food 75%, Beer 7%, Wine 8%, Liquor 10%. Advertising: $12k-$15k/yearly. Catering makes up 10% of gross sales. Business comes with on-line camera security system. This great business has phenomenal location, free standing building, great lease, and excellent menu. Don't let this opportunity of a life time slip by!
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Property Features and Assets:
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A gorgeous Hawaiian theme restaurant located in a free standing building located in a major shopping center off major highways. Total size is 8,000 sq. ft. (7,000 inside building + 1,000 patio space outside). Well decorated & furnished restaurant & lounge with a tropical island atmosphere that is so ascetically appealing to the eyes! It comes with unlimited parking spaces, 9 years old business and in excellent condition. Rent: $17,800/mo. including all CAM fees. 9 years left + two (5) yr. options to renew.
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Market Competition and Expansion:
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This business's menu items is the only game in town & it's located in a prime location as well.
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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