White Tablecloth Restaurant+awesomely unique bar

Staunton, VA (Staunton City County)

White Tablecloth Restaurant+awesomely unique bar

Asking Price:$498,000

Cash Flow:$190,000

Gross Revenue:$1,010,000

EBITDA:N/A

FF&E:$100,000

Inventory:$10,000*

Established:1994

*not included in asking price.

White Tablecloth Restaurant+awesomely unique bar

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Business Description

This upscale Italian restaurant has been established for over 21 years. Growth is steady, with the customer base expanding every year. Located in the scenic Shenandoah Valley, there is NO DIRECT COMPETITION as this is the only white tablecloth Italian restaurant around. On top of that, at night the business turns into an amazingly unique bar/lounge which has to be seen to be appreciated. Major growth potential in both restaurant and lounge/bar.
Seller is landlord. Seller is willing to finance over 50% of the purchase price to a HIGHLY QUALIFIED buyer. This is the ideal purchase for an experienced restaurateur looking for an excellent deal in a long-term business opportunity. Owner is ready to retire and pass his creation into new and capable hands.

Summary:
-white tablecloth Italian restaurant
-small city in beautiful Shenandoah Valley location
-unique bar/lounge with plenty of potential
-no direct competition
-well-established for 21 years
-very high owner financing for experienced restaurateurs
-owner is landlord; long term lease with favorable terms

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
4 weeks
Reason for Selling:
retiring

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Lex Meredith

Business Listed By:
Lex Meredith

Transworld Business Advisors

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