Established Family Restaurant for Sale in the Northern Neck

VA

Seller Financing Available
Established Family Restaurant for Sale in the Northern Neck
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Asking Price: $98,000

Cash Flow: $89,658

Gross Revenue: $254,156

EBITDA: N/A

FF&E: $51,000

Inventory: $2,000

Real Estate: $330,000*

Established: 1993

*not included in asking price.

Established Family Restaurant for Sale in the Northern Neck

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Business Description

Owner Retiring - Property Available

This established and profitable family style restaurant has been operating successfully for over 25 years in the same location. It is located in a quaint town in Northeast Virginia near many tourist attractions second homes and convenient to 3 large population areas.
This is a great opportunity for an experienced restauranteur looking for a slower pace of life while still earning nice profits.

• $250,000+ Gross sales
• $85,000+ Cash flow
• $50,000+ in FF&E included in price
• $2,000 of inventory included in price
• Turnkey operation
• Operating successfully for over 25 years in current location
• Newly remodeled
• Kitchen and facilities are in excellent condition
• New equipment added just last year
• Very busy during summer months, but consistent year around
• Many community groups dine and meet here on a regular basis
• Property also available for purchase
• Stand alone building with parking for 50
• Seller will remain to assist in transition and introductions
• 50% seller financing demonstrates seller’s confidence in continued success

As always, brokers please bring your well qualified buyers while this opportunity still exists

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,600
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
49000.00
Support & Training:
2 weeks
Reason for Selling:
retiring
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Contact the Seller

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Steve Sigman

Business Listed By:
Steve Sigman

Transworld Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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