Turn-key restaurant business for sale. Reduced Price!

Charlottesville, VA (Charlottesville City County)

Seller Financing Available
Dining Room 1

Asking Price:$80,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$50,000

Inventory:N/A

Established:2015

Turn-key restaurant business for sale. Reduced Price!

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Business Description

Diner-style restaurant in great neighborhood.

Turn-key restaurant in great location. High traffic street right off major highways, within walking distance to fire department, hospital, research park, and University of VA. Close to UVA Football stadium as well. Seating is 150 seats. ABC license is wine & beer on premise.
Current menu is breakfast/lunch with very busy brunch on weekends. Friendly, fast service with from-scratch, fresh made to order food. Loyal customers who speak about our quality over other breakfast places in town. Lots of opportunity to increase income immediately. For more details on financials, rent, lease terms, opportunity growth, etc. send an e-mail and we can chat about it. Great cash flow. Included in sale price is furniture, equipment, and food inventory. Restaurant is fully equipped, modern, clean, and selling at a deep discount. Restaurant owner/seller is also property owner and for health reasons is looking to retire. Will stay on only as landlord and can negotiate well on lease terms.

Detailed Information

Inventory:
Included in asking price
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large building (over 5,000 Sq Ft) with multiple dining rooms, one dining room with full length bar, two kitchen rooms, office, storage areas, closets, basement, etc. Two parking lots (front and back) for 24 parking spaces. Some front parking spaces may be used for outdoor dining. Apartment on 2nd floor. Furniture and equipment in like-new condition. All energy efficient.
Competition:
Virtually no competition in this neighborhood. People drive from across town and sometimes even 30 minutes away to eat our biscuits & gravy and some of our specialty items that no other restaurants in town have.
Growth & Expansion:
Immediate opportunity to add hours and/or dinner menu as customers request it often, and we also have requests to expand our delivery area. Currently open 6-days a week 7am to 3pm, can also increase revenue by being open 7-days a week. Can also add liquor to ABC license since many customers request Bloody Mary; currently sell a lot of mimosas on weekends.
Financing:
Seller Financing is available to qualified purchaser with significant DP.
Support & Training:
Current chef/owner offering 4-weeks of training/support. Staff in place and willing to transfer.
Reason for Selling:
Retirement/health reasons.

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Business Listed By:
Mary Boukourakis

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