Established Restaurant & Bar w/Banquet Room

Fredericksburg, VA
Spotsylvania County

Fredericksburg, Va

Asking Price: Annual Revenue:
$1,300,000 $3,200,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Established Restaurant & Bar w/Banquet Room Broker: James Sill
Owner Financing is Available!
Partial owner financing available.

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $3,200,000
Net Profit: $400,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 30
BBN Listing #: 206962634
Broker Reference #: Not Disclosed

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Business Overview:

Well established Italian plus Restaurant with separate bar and lounge area, banquet room, additional 3,000 square feet area set up for weddings, receptions, small and large parties, outside seating areas. In an area of high traffic and large walk-in trade, established afternoon dining and evening crowd. Well maintained and managed, upper-scale Italian and contemporary food, not just a pizza place.

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Property Features and Assets:

Located on the corner of an area known for it's History and downtown appeal with easy walking for site seer's, surrounded by other high draw business's

Reason for Selling:

Moving on.

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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