Growing Profitable Restaurant

Not Disclosed, VA

Asking Price: Annual Revenue:
$102,000 $667,172

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Growing Profitable Restaurant Broker: Richard K. Halterman

Quick Facts

Asking Price: $102,000
Annual Revenue: $667,172
Net Profit: Not Disclosed
Cash Flow: $34,029
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 10
BBN Listing #: 65854955
Broker Reference #: 2003-15462

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Business Overview:

This is an upscale/casual restaurant in the Northern Shenandoah Valley serving lunch and dinner Wednesday through Saturday and Brunch on Sundays. Wine and beer sold but no spirits. They also provide catering and wholesale services. The offerings are meant to be diverse and cater to all tastes and all income levels. Their atmosphere and customer service are far superior to other local establishments with somewhat similar concepts. They make everything on the menu from scratch and update their menus seasonally to maintain a fresh look for repeat customers.

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Property Features and Assets:

The location is great only 2 blocks from downtown, with the advantage of parking that downtown restaurants do not have. Building is roughly 2,000 square feet. They can seat 40 inside and 40 outside of the restaurant weather permitting. There is a covered patio outside as well as a dog friendly seating area with 4 tables. 50 parking spots are available. Assets=$102,000

Market Competition and Expansion:

They compete with a diverse group of restaurants and their clientele are those that are willing to pay more if they know they can expect a better product. They have found a way to compete with other restaurants in town by having the best burgers in town...sounds simple but having great burgers and homemade fries goes a long way. At the same time, they can compete with the upscale restaurants by having great, creative menu options that cater to a discerning palate, the best of both worlds. The menu options are diverse, skillfully prepared and the atmosphere is comfortable, and the service is top notch. This restaurant continues to move upward and were it not for the health of the present owner, there is no reason to think it will not keep going north. Their reputation is above reproach.

Reason for Selling:

Overriding issues surround the health of the 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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