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Legendary Diner for Sale!

Salem, VA (Salem County)

6:30 am Saturday Morning 16 cars
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Asking Price: Get Financing: $889,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1963

Legendary Diner for Sale!

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Business Description

A Once in a Lifetime Opportunity to own a Legend

This restaurant is a stalwart in the Roanoke/Salem area of Virginia. Since 1953 this restaurant has served the valley creating a loyal following and tradition that is passed through generations of families and family members in the area. This home style restaurant offers everything that chain restaurants do not. This restaurant gives its patrons a feeling of home and comfort that cannot be matched. Some folks eat here 2-3 times per day. This iconic restaurant is a throw back to the happy days of childhood sitting at the counter with parents or grandparents. This restaurant is truly timeless. The Pancake House has such an amazing reputation that it was recently sought out by Viacom(MTV,CMT,Nickelodeon,etc.)to be a location for a network television show. Good luck trying to get a seat on the weekend in this legendary establishment. The line is usually out the door.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
This restaurant will be sold as a turn key package. All assets will transfer including the building and land.
Competition:
With our pedigree and longevity we have no equal. This is a wonderful first restaurant for someone that wants to enter the business. If it ain't broke don't fix it should be the new owners model. sure things can be tweaked as you see fit but overall this is a very stable opportunity for someone.
Growth & Expansion:
The growth of this restaurant is up to you. As is its wonderful, but that does not mean that there is not room for improvement.
Financing:
There is no seller financing available
Support & Training:
This restaurant is a well oiled machine. Training will be minimal and accomplished by the staff of the restaurant. This restaurant has an amazing staff with years of experience
Reason for Selling:
Retirement
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Business Listed By:
Pancake LLC

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