30-year, Highly Profitable, Fully Staffed, Destination Restaurant

VA

Seller Financing Available
~ Signature Dish ~
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Asking Price: $595,000

Cash Flow: $278,695

Gross Revenue: $1,814,376

EBITDA: N/A

FF&E: $290,000

Inventory: $40,000*

Established: 1985

*not included in asking price.

30-year, Highly Profitable, Fully Staffed, Destination Restaurant

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Business Description

~Award Winning, Top 50 U.S.Restaurant~

This business has been in operation over 30 years and still has growing Owner Benefits averaging over $250k for the past five years. Highly regarded, with many accolades, this restaurant is a destination location for its high quality cuisine and service. Interior upgrades have taken place over the last three years and key kitchen upgrades in the last six months. Commercial and residential development is underway in the area. The lease is under 6% and food costs are 30-32% of gross revenue.

Detailed Information

Inventory:
Not included in asking price
Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facilities include seating for approximately 120 which includes the bar area, main dining area and an additional dinning room which can also host up to 40 people for private events. Equipment typical of an established, full-service restaurant and bar included.
Competition:
This destination restaurant is established in the region and unique in it’s offering. Competition in this cuisine category is minimal.
Growth & Expansion:
Continued growth opportunities include basic efficiency efforts in food and other overhead costs.
Support & Training:
Training and support provided for two weeks at no cost.
Reason for Selling:
Retirement.
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Fred Walker

Business Listed By:
Fred Walker

Murphy Business & Financial VA

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