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Established Downtown Lynchburg Restaurant/Bar

Lynchburg, VA (Lynchburg City County)

Established Downtown Lynchburg Restaurant/Bar
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,000 /Month

Established: 1997

Established Downtown Lynchburg Restaurant/Bar

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Business Description

22 Years of Good Will ready to be passed to the new owner's of this established downtown anchor. The current operating hours open up many opportunities for growth, as well as the under-utilized second floor. Purchasing the property in the vibrant downtown market may also be possible.

Detailed Information

Location:
Lynchburg, VA
Real Estate:
Leased
Building SF:
8,646
Lease Expiration:
N/A
Employees:
15
Facilities:
Main floor dining room and bar, with kitchen on the same floor. May expansion opportunities.
Competition:
Pros: Established Business High demand part of town with more growth on the horizon Cons: As the area grows, so will the number of competitors Parking can be a problem if one expands into the lunch market
Growth & Expansion:
Pros: More opportunity if the hours are expanded from the current 4:30-9:30 Mon thru Sat Cons: More overhead, mainly being payroll
Financing:
Purchase of property may be possible
Support & Training:
Owner will assist in transition.
Reason for Selling:
Other Obligations
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Jimmy Rufus

Business Listed By:
Jimmy Rufus

The Rufus Group EXP Realty

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