Fantastic Alexandria Restaurant For Sale

Alexandria, VA (Alexandria City County)

Seller Financing Available
Fantastic Alexandria Restaurant For Sale
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Asking Price: Get Financing: $350,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $100,000

Inventory: $10,000

Lease Rate: $45 /SF/Year

Established: 2015

Fantastic Alexandria Restaurant For Sale

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Business Description

Available Now! This is a fully built out and beautiful restaurant in the heart of Alexandria within minutes of Old Town and Del Ray. The existing restaurant is grossing nearly 1 million dollars at a 13% occupancy cost, however, ownership is very busy with other investments. A seasoned operator could easily come in, increase sales and cut operational costs. There is ample indoor and outdoor seating for guests.

An investor could add this to their portfolio as-is or rebrand it into the concept of their dreams. Buildout alone has 2 brand new kitchens, POS machines, 2 hoods, full kitchen equipment, and is fully operational as we speak. Perfect for full service or fast casual with a thriving delivery marketplace.

Average Household Income: $143,740
Ownership will consider some seller financing based on financials

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
7/1/2027
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is in a terrific building with excellent signage. It has a dedicated parking lot with 11 spaces and plenty of outdoor seating. There is a main level for regular service and an additional level for events and a full prep kitchen that can be used for catering or delivery.
Competition:
Alexandria is growing fast as people leave DC, but remain in the area. Great for young professionals, families, and visitors. It's a crown jewel for any group or investor.
Growth & Expansion:
Many franchises have started in the DC / Virginia market including Five Guys, Cava, Taylor, and Sweetgreen. This is a robust marketplace that has been the springboard for many top brands. Yours could be next for a fraction of the costs associated with a traditional start-up.
Financing:
Seller will finance 50% of sale price at 8% for 3 years
Support & Training:
Ownership is happy to offer 2-4 weeks of on-site training, if necessary.
Reason for Selling:
Other Investments
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Contact the Seller

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Seth McClelland

Business Listed By:
Seth McClelland

Braddock Commercial Real Estate Services

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