Business For Sale

Charming Italian-American Restaurant & Real Estate

Not Disclosed, VA
Shenandoah County


Asking Price: Annual Revenue:
$143,000 $451,341

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Charming Italian-American Restaurant & Real Estate Broker: Leo Carling

Quick Facts

Asking Price: $143,000
Annual Revenue: $451,341
Net Profit: Not Disclosed
Cash Flow: $74,708
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 10
BBN Listing #: 560732377
Broker Reference #: HZ376LC

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Business Overview:

Excellent opportunity to own an established and well-known Italian-American restaurant serving customers in Shenandoah County, VA for nearly 20 years. The owner and friendly staff take pride in serving top notch cuisine featuring many popular favorites in an inviting atmosphere. In addition to catering to locals and tourists, the restaurant is also located just off a major highway which brings in the traveling public looking for a quality meal.

The chef takes get pride in the classic Italian menu and the restaurant has great reviews on many popular dining review platforms. Loyal customers are drawn to the warm environment, high quality dishes, consistent service and value with many traveling from 20+ miles for regular visits. The excellent fare is complemented by a nice selection of wine and beers.

The main dining room is 2,400 square feet and seats 80 people. A 585 square foot banquet room with seating for 32 guests is perfect for hosting parties, events, and groups. The kitchen is roughly 635 square feet and was renovated in 2004 with the refrigeration system upgraded in 2016. The kitchen equipment has been routinely upgraded as needed. Storage consists of a 100 square foot walk-in cooler, several freezer chests, and 1715 square feet of dry storage.

Please note, the restaurant owner also owns the building and is seeking to sell both the business and real property.

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Property Features and Assets:

Landmark restaurant prominently located in a small town in a 2-story historic building.

Market Competition and Expansion:

Competition: Standard competition for the industry and market. This business has a great reputation and established customer base. Growth & Expansion: There is room to grow the business through several avenues. Outdoor seating could be added to increase the overall seating options. New marketing and advertising will attract more customers and promote the availability of carryout platters. The addition of a mixed beverage liquor license may increase profits.

Reason for Selling:

Owner is 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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