Full-Service American Restaurant & Caterer

VA

Full-Service American Restaurant & Caterer

Asking Price:$2,500,000

Cash Flow:N/A

Gross Revenue:$1,450,000

EBITDA:$201,000

FF&E:$215,000

Inventory:N/A

Real Estate:$1,750,000

Established:1994

Full-Service American Restaurant & Caterer

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Business Description

The Company operates as a single-location, full-service American grill, and serves both lunch and dinner. It also offers banquet room services, and has catered wedding receptions, company events, birthday parties, retirement luncheons, family and school reunions, as well as other events. Due to the Company's long-term presence in the region, during 2015, it processed over 30,000 guest checks.
The Company operates through three internal profit centers: food sales (50% of 2015 revenue), catering (35%), and alcohol sales (15%). To maintain and expand its local market share, it prices each item competitively.
The restaurant comprises approximately 10,000 square feet, and can accommodate higher revenues without major facility improvements or capital equipment expenditures. The employee base fluctuates based on daily, weekly, and seasonal demand requirements. However, it typically consists of approximately 25 full-time and part time employees that include management and kitchen staff.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
10,000
Employees:
25 F/Part time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant comprises approximately 10,000 square feet, and can accommodate higher revenues without major facility improvements or capital equipment expenditures.
Growth & Expansion:
Superior Name and Reputation: The Company has a long-standing (11+ years) reputation for providing quality catering and dining experience at affordable prices. In addition, it is dynamic in its style of operations. Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. It maintains a database of over 2,500 customers. The Restaurant’s structure, equipment capabilities, catering expertise, award-winning recipes, and management systems are designed to provide customers with broad dining opportunities.
Support & Training:
Management Will Remain through Transition: The active owners are willing to stay with the business during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Pre-retirement transition.

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Ahmad Behjati

Business Listed By:
Ahmad Behjati

Behjati Capital Group LLC Mergers & Aquisitions

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