Absentee Owned Restaurant & Bar in Prime Location

Alexandria, VA
Alexandria City County

MRB VA 1206


Asking Price: Annual Revenue:
$325,000 $1,400,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Absentee Owned Restaurant & Bar in Prime Location Broker: Sam Saa

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: Not Disclosed
BBN Listing #: 697926586
Broker Reference #: MRB VA 1206

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Business Overview:

Absentee owned restaurant & bar located in the heart of Old Town Alexandria with outdoor seating. Just steps away from several hotels, metro and the waterfront. This restaurant has been in business since 2009 and has a tremendous reputation in the surrounding area. The menu consists of handmade pizzas, salads, pasta dishes, specialty sandwiches and much more. Not to mention the large full service bar containing bottled and tapped beer, top shelf liquors, and an extensive wine selection.

Very large kitchen area with top of the line equipment. The dining area has 135 seats plus outdoor seating.
Excellent opportunity for a hands on owner operator to take over this turn key restaurant.
Menu & concept can be converted.
The current owner is absentee and ready to retire.

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Property Features and Assets:

Rent: $12,000 Term: 9 years plus option Size: 2,776sf Seats: 135 inside and out Employees: 20 Established: 2009 High end furniture, fixtures and equipment in excellent condition. Included in sale.

Market Competition and Expansion:

Menu & concept can be converted. Perfect for a hands on owner to take this restaurant to the next level by over seeing day to day operations as the current owner is absentee.

Reason for Selling:

Absentee owner/retiring.

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.

Documents:

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