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85140-BK Popular Themed Restaurant/Bar

Mechanicsvlle, VA (Hanover County)

85140-BK Popular Themed Restaurant/Bar

Asking Price:$279,000

Cash Flow:$85,000

Gross Revenue:$780,000

EBITDA:N/A

FF&E:$81,000

Inventory:$8,000

Lease Rate:$2,781 /Month

Established:2013

85140-BK Popular Themed Restaurant/Bar

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Business Description

This is the only full service restaurant/bar serving BBQ and home style meals in King William/Limited catering business with BBQ smoker and trailer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
25,000
Lease Expiration:
N/A
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Started Restaurant in 1000/sqft space in strip center. End of first year purchased 25,000 BBQ smoker w/trailer and started limited catering service. Expanded restaurant to 2500 sq ft due to customer growth at the end of second year by adding full bar and deserts showcase.
Competition:
This is the only full service restaurant/bar serving BBQ and home style meals in King William.
Growth & Expansion:
Locals are requesting more catering business than the owners are willing to do. Owners say adding ice cream and more deserts to front area is a popular customer request. Restaurant is currently open only 5 days per week,
Support & Training:
2 weeks
Reason for Selling:
other opportunities
Business Website:
http://www.tworld.com/RVA

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Bill Kelly

Business Listed By:
Bill Kelly

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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