Fredericksburg Established & Profitable Family Restaurant Acquisition

Fredericksburg, VA (Spotsylvania County)

Seller Financing Available
Fredericksburg Established & Profitable Family Restaurant Acquisition
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Asking Price: Get Financing: $395,000

Cash Flow: $300,000

Gross Revenue: $669,239

EBITDA: N/A

FF&E: $50,000

Inventory: $7,500

Lease Rate: N/A /SF

Established: 1995

Fredericksburg Established & Profitable Family Restaurant Acquisition

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Business Description

This restaurant has been a family run business for over 22 years, and is known to the locals for its good food and warm, friendly hospitality. It is a hotspot for breakfast and lunches. Offering flavors of Greek, Italian, and Americano in an extensive menu along with in-house baked breads and pies. Presently it is running on 95% returning customer with no marketing expense. The new owner can easily expand on business simply through marketing, along with offering off site catering and booking private banquet events. Located on a heavily traveled central artery into major city and receiving a lot of visual marketing. Open Tuesday through Saturday 6am – 8pm, Sunday 6am – 2:30pm. There is ample private parking outside of the business. The restaurant seats 100 customers comfortably. Staffing is 3 full time in the kitchen and 5 part-time in the dining area. Owner is selling to pursue other business ventures and is willing to stay on at no charge for 4 weeks training.

? 3,500 sf overall facility (dining room, kitchen and office)
? Dining room seats 100
? Private parking
? Located on heavily traveled artery into major city
? $9,000 per monthly lease – currently this property is owned by the business seller.
? At present there is an option to buy the commercial property.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
197500
Support & Training:
4 weeks
Reason for Selling:
other business interests
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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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