58506-RF Established Bar and Restaurant with property in Hanover VA

Hanover County, VA

Seller Financing Available
58506-RF Established Bar and Restaurant with property in Hanover VA

Asking Price:$975,000

Cash Flow:$140,000

Gross Revenue:$952,000

EBITDA:N/A

FF&E:$100,000

Inventory:$3,000

Real Estate:$650,000

Established:2010

58506-RF Established Bar and Restaurant with property in Hanover VA

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Business Description

Restaurant and bar on busy street serving quality food at reasonable prices! Sale price includes Business and Real Estate. The business has consistently increased sales for 7 years. Exceptional service and attention to detail has attracted a diverse and loyal customer base that continues to grow. Well maintained building with recent upgrades and plenty of parking. Well trained staff will enable new owner to continue upward sales trend for this popular establishment.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant with large dining and private room that has strong following within community. Its reputation continues to gain customers from outlying areas. Capability to deliver high quality food with strong customer service enables the business to grow year-over-year sales at a 13% rate for last 5 years. This unique restaurant establishment has lots of lighted off-street parking. The building has undergone substantial renovations and improvements over the last 7 years by the owner. Upgraded kitchen equipment and trade fixtures positions the business for future growth by a savvy owner-operator who understands the value proposition, revenue and profit drivers of an established operation.
Competition:
Relatively little competition within general vicinity as the restaurant is located on busy street with few dining options. Several ethnic, pizza and specialty restaurants within a 1 to 2 mile radius.
Growth & Expansion:
The 2016 year-to-date sales continue upward trend of 18% growth compared to 2015. Future sales expansion thru traditional advertising and online marketing with new website, Social Media, and advocacy programs. New ownership can consider delivery service, breakfast and catering. Town has several initiatives planned for increasing visitor and pedestrian traffic.
Financing:
150000.00
Support & Training:
4 weeks
Reason for Selling:
relocation

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Russell Fergusson

Business Listed By:
Russell Fergusson

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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