Popular American Style Restaurant / Owner Retiring

Williamsburg, VA
James City County

Williamsburg- West

Asking Price: Annual Revenue:
$59,900 $500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Popular American Style Restaurant / Owner Retiring Broker: Rick

Quick Facts

Asking Price: $59,900
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 014
BBN Listing #: 149657836
Broker Reference #: Not Disclosed

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Business Overview:

Great opportunity for a starter restaurant or to add to a chain. You could not get the plans and licenses done for this amount
This is a successful family run restaurant with a loyal local following, a great reputation and a 4 1/2 star trip advisor rating and certificate of excellence for five years. There are huge opportunities to grow as we are open limited hours.

We are reasonably priced high quality and guest oriented. We have a full bar, 75 seats and all equipment conveys. The dish machine is leased for maintenance reasons. Turn key, but some art and personal items will not convey. Lease is two years with two five year extensions at only1.5% year increase. ABC full license inclluded for qualified buyer.

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Property Features and Assets:

The building is at the corner of Richmond Rd. and Centerville Rd. It is an end unit with 2500sqft. The cam includes water sewer and trash. All equipment is in working order, all conveys except the leased dish machine . The liquor/beer/wine license conveys to qualified person, all license and real estate fees to be prorated at close

Market Competition and Expansion:

This is an expanding dynamic community in a well to do retired supportive community. James City Co. is a well to do well kept county with great services.

Reason for Selling:

owner to retire

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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