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Restaurant for sale With or Without Real Estate in Charlestown, WV

Charles Town, WV (Jefferson County)

Seller Financing Available
Restaurant for sale With or Without Real Estate in Charlestown, WV
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Asking Price: $1,350,000

Cash Flow: $605,989

Gross Revenue: $2,850,000

EBITDA: N/A

FF&E: $525,000

Inventory: $30,000

Real Estate: $2,300,000*

Established: 2003

*not included in asking price.

Restaurant for sale With or Without Real Estate in Charlestown, WV

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Business Description

Restaurant for Sale With or Without Real Estate in Charlestown, WV

Large Diner/Restaurant located in Charlestown, WV. Very busy, with Strong Revenues, and high Cash Flow. Seating for up to 300, with various rooms, some of which are perfect for Private Parties. Currently Open everyday from 6:00 AM till either 11:00 PM or 12:00 AM. Previously was open 24 Hours a Day, and could earn an Additional $500,000 in Gross Revenues if returned to 24 Hours. A Family owned business, which doesn't currently hold a Liquor License. Adding Beer, Wine, and Liquor would also greatly increase Gross Revenues. The business is currently being run as a Semi-Absentee, almost fully Absentee operation. Being a full time Hands on Owner Operator is also a way to grow the Gross Revenues, and the Cash Flow. Owner will Sell just the business, or the business and the Real Estate.

Detailed Information

Location:
Charles Town, WV
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
75
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8,000 Square Feet. If the Property is not purchased, the Total Rent would be $14,000 per month plus Insurance & Taxes. Long Term Lease available.
Competition:
No Similar business competition in the area.
Growth & Expansion:
Being a full time Owner Operator, along with being open 24 Hours a day, and adding a Liquor License.
Financing:
Negotiable
Support & Training:
Seller will give 2 - 4 weeks of Training/Transition.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Gary Steven Russell

Business Listed By:
Gary Steven Russell

G. S. Russell Business Brokers and Advis

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