Family Style Restaurant

Danville City County, VA

Family Style Restaurant

Asking Price:$150,000

Cash Flow:$106,455

Gross Revenue:$1,027,441

EBITDA:$66,455

FF&E:$38,395

Inventory:$6,000

Real Estate:$325,000*

Established:1960

*not included in asking price.

Family Style Restaurant

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Business Description

Price for business and real estate just reduced! This business is an established, successful, and very well-known family restaurant located in South Central, Virginia. Its menu includes home-cooked family meals served at breakfast, lunch, and dinner. The quality of the food has established a steady, loyal customer base. The attractive, stand-alone restaurant is 3,280 square feet and seats 100. The business has made money since its inception, and offers a new owner an excellent opportunity to own his own business and have a great quality of life in a wonderful Central Virginia City!

HISTORY: The restaurant was established over fifty years ago and was an immediate success. It has an amazing amount of customer traffic, and a high level of repeat business. Home cooked meals at reasonable prices are the cornerstones of its success. There are also many opportunities for a new owner to increase revenues including expanded dining hours, and the addition of catering and delivery services.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Stand alone restaurant with seating for 100. 3,280 sq feet. Real estate is offered for sale at $325,000. Restaurant is beautifully maintained.
Competition:
This is a busy, very well known family restaurant. Locally owned and operated. There are other restaurants in the market but this is one of the only "family" style with home cooked meals.
Growth & Expansion:
Currently, business is open Monday through Friday. A new owner can add hours on the weekend and also add catering.
Support & Training:
Seller will train buyer at no charge for 30 days.
Reason for Selling:
Retirement

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Thomas P. McCann

Business Listed By:
Thomas P. McCann

The McCann Company

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