Profitable Absentee Owned Restaurant

Alexandria, VA
Alexandria City County

MRB VA 825

Asking Price: Annual Revenue:
$490,000 $1,500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Profitable Absentee Owned Restaurant Broker: Sam Saa
Owner Financing is Available!

Quick Facts

Asking Price: $490,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $145,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: VA
Year Established: 1974
Employees: 15
BBN Listing #: 772226586
Broker Reference #: MRB VA 825

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Business Overview:

Large American style restaurant surrounded by high rise buildings, hotels and apartments.

This turn key restaurant is about 5,600 square feet and has over 150 seats.

Great location to host special events with separated dining areas.

Over $500,000 in mechanical/equipment. Being in business since 1974, this restaurant already has a well established customer base and with a new owner/operator could easily increase profits.

The current owner is absentee and profiting $145,000 annually.

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Property Features and Assets:

Monthly Rent: $14,000 all in Lease Term: 10 years plus options Size: 5,600 sf Seats: 150 Employees: 15 Payroll: $8,000/month Utilities: $3,400/month

Reason for Selling:

Absentee owner.

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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