735514-BK 40 Yr Old Profitable Restaurant w/RE

Not Disclosed, VA


Asking Price: Annual Revenue:
$898,000 $940,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 735514-BK 40 Yr Old Profitable Restaurant w/RE Broker: Bill Kelly

Quick Facts

Asking Price: $898,000
Annual Revenue: $940,000
Net Profit: Not Disclosed
Cash Flow: $170,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 14
BBN Listing #: 338043891
Broker Reference #: 9525-735514

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Business Overview:

40 year old, family run upscale restaurant is recognized as one of the best in the area extraordinary kitchen, fully equipped and extra clean. Full bar with extensive wine list. Beautiful Real Estate included with sale price.

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Property Features and Assets:

Business was started 40 years ago. Current owners bought the business 19 years ago and have had continuous success. While some dishes have changed the core of the menu has been a favorite of locals since the business first opened.

Market Competition and Expansion:

The interior is a little dated and even though the customers love it, updating the interior should probably be on the agenda for a new owner. The current owners do very little advertising and are very selective on the hours they work. Extending the hours and doing more social media would be advisable.

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.

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