Profitable Free Standing Building & Business

Not Disclosed, VA
Westmoreland County


Asking Price: Annual Revenue:
$449,000 $646,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Free Standing Building & Business Broker: George Dungan
License #: VA 0225201842

Quick Facts

Asking Price: $449,000
Annual Revenue: $646,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1969
Employees: 8
BBN Listing #: 360358287
Broker Reference #: Not Disclosed

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Business Overview:

Very well established and profitable business but after 51 years the owner has decided to retire. The majority of sales are carry out and this years decline in sales due to the virus has been under 20%. The owner has also reduced the operating hours for personal reasons which accounts for part of the decline. The menu is basic - hamburgers, hot dogs, BBQ, chicken, sandwiches, ice cream, milk shakes, etc. A loyal customer base has been established and there is limited competition. The building itself is about 4,400 square feet and has a separate dining room and game room. Plenty of parking and located directly on the main road through the county. Fantastic opportunity to purchase the building, business, and equipment for only $449,000.

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Property Features and Assets:

The building itself is comprised of 3 sections. The main building of about 1,950 square feet has the counter and customer waiting area, kitchen and prep areas, coolers, and storage. The dining room is about 1,200 square feet and could also be used for private events. The game room is also about 1,200 square feet and has pool tables, pinball, and assorted arcade machines. It is located directly on the main road in the county seat and has plenty of parking.

Market Competition and Expansion:

Limited competition in the area and the rural location limits the chances of future competition from major retailers. The current owner does not do any advertising and has reduced the operating hours to give himself more time off. Sales could be significantly increased by an operator willing to put additional effort into the business.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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