Profitable 26 Yr. Family Restaurant

Not Disclosed, VA

Asking Price: Annual Revenue:
$499,000 $912,503

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable 26 Yr. Family Restaurant Broker: Fred Walker

Quick Facts

Asking Price: $499,000
Annual Revenue: $912,503
Net Profit: Not Disclosed
Cash Flow: $255,463
Total Debt: Not Disclosed
FF&E: $137,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 16
BBN Listing #: 54294955
Broker Reference #: 2001-15590

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Business Overview:

A 26 year local family eatery. Serving breakfast all day and other American fare in a casual and comfortable space. Great local following!

This restaurant is located in a wonderful, family environment. The area boasts exceptional learning opportunities for K-12 education, a wide variety of things to see and do including outdoor activities (kayaking, golf, hiking, fishing), state and national parks and entertainment.

A qualified Buyer can take advantage of seller financing of $40,000 and may purchase this with $60,000 down.

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Property Features and Assets:

Full kitchen and restaurant setup including 2,500 square feet of space. The main dining area seats 73 including counter seating of 14. A separate area for group meetings seats 29. Assets= $146,000

Market Competition and Expansion:

There is loyal repeat customers, including local law enforcement, due to the warm, down home country food experience this restaurant offers. Food quality and competitive pricing ranks this restaurant above similar offerings. There is steady growth potential consistent with the growth over the life of the restaurant. Owner projections for growth are about 6% this year. One area that can be capitalized on is slight adjustments to the currently low prices. Formal advertising, like in local papers, may provide increased visibility and customers.

Reason for Selling:

Owner is becoming a full time accountant.

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.

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