Business For Sale

Smith Mountain Lake, VA- Popular restaurant for...

Moneta, VA
Bedford County


Asking Price: Annual Revenue:
$867,000 $481,512

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Smith Mountain Lake, VA- Popular restaurant for... Broker: Jenni Hushour

Quick Facts

Asking Price: $867,000
Annual Revenue: $481,512
Net Profit: Not Disclosed
Cash Flow: $44,995
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 311351340
Broker Reference #: ROANOVA001-N277

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Business Overview:

An unbelievable opportunity to own a premier, award winning restaurant at Smith Mountain Lake, Virginia. Don’t miss out on this opportunity to own a full -service, prime location turn key restaurant that has dedicated clientele and has the advantage of a meeting room, outside deck and cozy main dining room with a fireplace. This business also provides catering in the community for additional income opportunities. The location of this business brings in visitors from Bedford County, Franklin County, Roanoke County and beyond, and has served as a hot spot for rehearsal dinners, wedding showers and private wine dinners, as well as additional private parties. Smith Mountain Lake is the largest lake contained entirely within the Commonwealth of Virginia and has become a popular recreational area, and the lake has hosted several professional fishing tournaments. This restaurant opportunity has a 5,000 sq. ft. building, two dining areas, outside deck, three restrooms, a 150 sq. ft. office and seats 132. The Restaurant includes all inventory and FF & E and all equipment is owned. The current Owner and General Manager are willing to stay involved for a period of time and help to transition a new owner. Seller financing can be considered on this opportunity. The business has an outside digital electronic sign that serves as the best form of advertisement on a heavily trafficked road, 6 -year old roof, commercial smoker; offering a great catering opportunity, upgraded on-site septic system, 2 storage sheds and ample parking on a level lot. The restaurant boasts a large kitchen with ample space to move around and a very cozy atmosphere in the main dining area. The Restaurant earned 2018 Best of Smith Mountain Lake awards for their steak, seafood, Restaurant services, burgers, salad and cocktails. Some of the larger items included are: -Two walk in coolers (15 x 18 and a 7 x 7) -7 x 7 walk in freeer -6 x 10 dry storage -New hot water heater, internal grease trap -Well maintained alto sham -Commercial smoker -Outside Digital Electronic Sign -Complete 4 station POS system -Fireplace in Dining Room Some of the larger items included are: - -Two walk in coolers (15 x 18 and a 7 x 7) -7 x 7 walk in freezer -Well maintained alto sham -Commercial smoker -Outside Digital Electronic Sign -Complete 4 station POS system -Fireplace in Dining Room -6 x 10 dry storage -New hot water heater -Upgraded on-site septic system -2 storage sheds -6 year old roof For more information about this exceptional business opportunity, please contact: Jenni Hushour, Broker - CMSBB Email jhushour@sunbeltnetwork.com Phone: (540) 293-0340 For more information on this business or any other business that you may be interested in, please contact Sunbelt Business Brokers of Roanoke and Lynchburg - United Country/Roanoke Realty & Auction located in Roanoke, VA. Contact information: 540-777-1585 or jhushour@sunbeltnetwork.com. View our website at http://http://www.sunbeltnetwork.com/roanoke-va/. You can also like our Facebook page and receive periodic business listing updates. Our Facebook page is Sunbelt Business Brokers of Roanoke and Lynchburg - https://www.facebook.com/sunbeltbusinessbrokersroanoke/

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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