Upscale Family Restaurant!

Westmoreland County, VA

Upscale Family Restaurant!

Asking Price:$425,000

Cash Flow:$45,000

Gross Revenue:$197,580

EBITDA:N/A

FF&E:$75,000

Inventory:$25,000*

Real Estate:$350,000

Established:1986

*not included in asking price.

Upscale Family Restaurant!

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Business Description

Upscale Family Restaurant!

Upscale Family Restaurant! Operating 30 years in a quaint, community based location, the facility stands as a cornerstone. An establishment that excels in offering up a great menu in an exquisite setting, the restaurant has evolved to the go to place for family functions and casual gatherings, uniting friends and families in a setting conducive to the very fabric of Americana. The owners, committing their entire professional lives to the restaurant service have arrived at a point professionally where retirement is in their clear view. They have created an icon in the community, and were wise years ago to acquire a sizable piece of property the restaurant stands on. Just short of two acres, the property affords an owner an opportunity to expand or even create an additional operating space. As a result, the sellers are offering a number of purchase options. A buyer may purchase the business and lease the property. The business is offered for $75,000 with the lease beginning at $1,600 per month. The lease is designed in such a way where an owner can acquire the space under market value. Designed to provide a buyer a low cost basis to begin with, the lease will escalate, but the lease holder will have the option at any time during the lease to purchase the property. So the sellers have provided a plan for a buyer to acquire the business and position themselves to invest in the property and establish for themselves a retirement plan similar to the approach the current owners have established. The property is offered at $350,000. Supporting the offer price, the owners have a current appraisal report for a qualified buyer’s review. An adequate and comprehensive transition plan is incorporated in the purchase with a minimum of 30 days, and for the right buyer the seller will consider some level of seller financing.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
4 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Will train for 4 weeks @ no cost.
Reason for Selling:
Retirement.

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Murphy Business

Business Listed By:
Murphy Business

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The Georgia Association of Business Brokers (GABB).

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