Business Overview:
Peruvian/South American themed restaurant located on Columbia Pike in Arlington, VA. Business was founded in 2000. Current owner has been in place since 2004. Restaurant occupies 2,000 sq. ft. in a strip center location. Serves lunch and dinner. Is open 7 days a week. Has liquor license and does serve alcoholic beverages. Rent is $6,800/month, the lease is in the first of its 5 year option. The location does have parking for patrons.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Full bar and kitchen. Seats and tables for 100 patrons.
Market Competition and Expansion:
Columbia Pike is a bustling, high traffic area. It is one of the main business/commercial and commuter arteries in Northern Virginia with easy access to the area's major highways. Although not as build-up as other communities in Arlington, it has seen and continues to see multifamily residential/mixed-use construction and population growth. One might expect new restaurants to emerge as more people move to the Pike as it becomes more residential-friendly and more upscale. However, this restaurant with its authentic menu and loyal customer base is unique and remains consistent during this period of transition and renewed development on the Pike.
Reason for Selling:
Owner retiring looking to focus on other endeavors
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: