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Business For Sale

STEAK & RIBS, CASUAL DINING RESTAURANT

Attn: Rich Chinappi
Hampton Roads, VA, USA
Listing Number: "1074-RC"
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Asking Price: $495,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Absentee Ownership.
Year Established: 2002
# of Employees: 5 Full/10 Part
Yearly Revenues: $700,000
Yearly Cash Flow: $140,000
 

Business for Sale Overview:

This Casual Dining Restaurant has a Beautiful build out and attractive decor. Private meeting room and small bar. Very busy highway. Owners are very flexible and will sell without real estate for $495,000, without the name and good will for $238,000. The real estate is available for purchase for an additional $1.5MM. Excellent location in prime residential area.


Property Features and Assets:

3,169 sq. ft. building; available for lease or purchase.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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