30 Yr. Highly Profitable, Fully Staffed Restaurant

Not Disclosed, VA


Asking Price: Annual Revenue:
$595,000 $1,814,376

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 30 Yr. Highly Profitable, Fully Staffed Restaurant Broker: Fred Walker
Owner Financing is Available!
$119,000 down/ $50,000 for 36 months @6.00%/ Other financing.

Quick Facts

Asking Price: $595,000
Annual Revenue: $1,814,376
Net Profit: Not Disclosed
Cash Flow: $278,695
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 28
BBN Listing #: 79934955
Broker Reference #: 2001-15174

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Business Overview:

This business has been in operation over 30 years and still has growing Owner Benefits averaging over $250,000 for the past five years. Highly regarded, with many accolades, this restaurant is a destination location for its high quality cuisine and service. Interior upgrades have taken place over the last three years and key kitchen upgrades in the last six months. Commercial and residential development is underway in the area. The lease is under 6% and food costs are 30-32% of gross revenue.

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Property Features and Assets:

Facilities include seating for approximately 120 which includes the bar area, main dining area and an additional dinning room which can also host up to 40 people for private events. Equipment typical of an established, full-service restaurant and bar included. Approved for outdoor seating. Assets=$290,000.

Market Competition and Expansion:

Sales continue to grow after three decades of service in Northern Virginia community due to the solid quality of the food served. Frequent press coverage and accolades provide marketing along with word of mouth. This destination restaurant is established in the region and unique in it’s offering. Competition in this cuisine category is minimal. Continued growth opportunities include basic efficiency efforts in food and other overhead costs.

Reason for Selling:

Retirement.

Additional Details:

  • The property is owned.
  • The owner is not 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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