Turnkey Restaurant With Strong Clientele with RE

Not Disclosed, VA
James City County


Asking Price: Annual Revenue:
$895,000 $400,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Turnkey Restaurant With Strong Clientele with RE Broker: Andy Shah

Quick Facts

Asking Price: $895,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $103,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 387843891
Broker Reference #: 9525-145101

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Business Overview:

Longstanding local community restaurant operated by same owners serving the area for 10+ years. With a wide range of American, Italian, and Seafood cuisine the restaurant has a great layout that separates the bar from the dining area to help keep it a family-friendly space.

The business sits on a major highway adjacent to a commercial business and residential area. The real estate falls under "Zone B1" with "0.71 Land Acreage". The building was built in 1985.

It is a turnkey operation with an opportunity for the new owner to convert this to a franchise or a different food concept.

Business Highlights:

- Fully equipped kitchen.
- Ample of parking space.
- 4.0+ reviews on google.
- 4,000 Square Feet
- 2019 Sales- $900,000 SDE- $225,000 (Pre Pendamic)
- 2020 Sales- $400,000 SDE- $103,000 (The sales was affected due to pandemic)

**The Real Estate Agent - TBA RVA Realty Inc. will do all real estate transactions**

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Reason for Selling:

Retiring

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.

Relevant Links:

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