unique restaurant opportunity offering in 6th largest Virginia city

Lynchburg, VA (Lynchburg City County)

unique restaurant opportunity offering in 6th largest Virginia city

Asking Price:$165,000

Cash Flow:$73,896

Gross Revenue:$202,219

EBITDA:N/A

FF&E:$109,450

Inventory:$8,000

Real Estate:N/A

Established:2002

unique restaurant opportunity offering in 6th largest Virginia city

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Business Description

Consistently ranked in the top 15 area restaurants.
55 Excellent reviews/Certificate of Excellence

Good for: Large groups, Special occasions, Business meetings, Families with children
Description: Family-style dining American comfort foods served table side in bowls and platters.

Business Description
This business is an established, successful, and very well-known family restaurant located in Central, Virginia. Its menu includes home-cooked family meals served at dinner. The quality of the food has established a steady, loyal customer base. The attractive, stand-alone restaurant is 7466 square feet with a back large patio area overlooking a pond. The business offers a new owner an excellent opportunity to own his own business,develop his own interior and menu, and have a great quality of life in a wonderful Central Virginia City!

Priced to sell at $165,000 and grow!
Facility-3year lease ($5000/month) with option to buy.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
7,446
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Established 2002 Ranked in the top 15 area restaurants ,consistently 55 Excellent reviews/Certificate of Excellence The restaurant was established over fourteen 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.
Growth & Expansion:
here are also many opportunities for a new owner to increase revenues including expanded dining hours, and the addition of catering and delivery services. 1.Expand dining hours, currently operates Thursday-Sunday 2.Increase marketing for weddings and business events. 3.Upgrade the wedding menu 4. Increase entertainment consistency in Tap Room with lighter fare 5. Add micro brewed local beers 6. Initiate effort to attract many college students
Support & Training:
6 weeks
Reason for Selling:
retiring

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Lex Meredith

Business Listed By:
Lex Meredith

Transworld Business Advisors

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