Seller's Contact Information
- RE: Carytown Burgers And Fries
- Contact: Mike Metzger
Quick Facts
Asking Price: | $250,000 | |
Annual Revenue: | $1,776,583 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $96,037 | |
Total Debt: | Not Disclosed | |
FF&E: | 212,860 | |
Real Estate: | Not Disclosed | |
Year Established: | 1999 | |
Employees: | 36 | |
BBN Listing #: | 30754955 | |
Broker Reference #: | 2006-17176 |
Business Overview:
Every once in a while, the opportunity to own a true landmark comes along! Carytown Burgers and Fries has been a fixture in the Virginia market for over 20 years offering top-quality food and down-home service at affordable prices. The awards and accolades are too many to mention.
Like most restaurants, this business had to overcome challenges during the COVID 19 pandemic. 2020 cashflow was $239K. It's important to note that 2021 cashflows are NOT indicative of this restaurant's normal performance as both locations were closed for 8 weeks due to staffing issues and major renovations including new HVAC and fire suppression systems. However, as the communities emerges from the pandemic, customers are anxious to get back out to eat! Both locations are fully staffed with strong General Managers in place. This allows the owner to focus on business development, team building, and quality assurance.
This company also enjoys a strong catering business that is booming with 7-10 jobs per week. This trend is expected to continue as companies and groups get back together post-pandemic.
This restaurant is in one of the coolest historic districts, with lots of visitors and great foot traffic. Lakeside is a booming residential district with a loyal customer base.
This is a great opportunity for an existing restaurateur, or a new entrepreneur, to build upon an exceptionally strong brand that is recognized throughout.
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Property Features and Assets:
Location 1: 2,000 Square Feet, owned by the seller who is willing to sell or lease to the new owner. Location 2: 900 Square Feet, 2 years left on lease with options to renew. Assets = $212,860
Market Competition and Expansion:
Restaurants come and go every day, but Carytown Burgers and Fries has built a strong brand in this area for over 20 years. Other 'burger joints' come and go, and they struggle to compete on price and quality. Carytown Burgers And Fries is an exceptionally strong brand in this market. This acquisition could provide an excellent platform to expand into other markets, or add on to an existing brand. The catering business is primed for growth.
Reason for Selling:
Owner has health issues.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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