Seafood Buffet Restaurant

Falls Church, VA (Fairfax County)

Seafood Buffet Restaurant
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Asking Price: Get Financing: $675,000

Cash Flow: $250,000

Gross Revenue: $3,000,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000

Lease Rate: $25.46 /SF/Year

Established: 2010

Seafood Buffet Restaurant

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Business Description

Very Profitable Seafood Buffet Restaurant is Available For Sale

Rare opportunity!!! Profitable Seafood buffet restaurant with 320 seats located in a neighborhood shopping center on a major highway. 11,000 square feet. Cost more than $1.2 million to build. 3 years remaining on the lease but there are 2 options of 5 years each. Either continue with the existing lease or negotiate a completely new lease for the new owner. Net profit is around $250,000/year. Owner is pursuing other opportunities in franchise. Further growth can be attained by adding more food choices, adding beer & wine, exotic drinks like bubble tea, etc.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,210
Lease Expiration:
9/30/2020
Employees:
26
Facilities:
Nicely set up seafood buffet restaurant with 10,210 sq and 320 seats. Plenty of parking. Cost over $1.2 million to set up.
Competition:
Not much competition. Unique by itself.
Growth & Expansion:
Potential for growth by adding more food choices, drinks couple with aggressive marketing approaches. Currently, not much marketing.
Support & Training:
Seller can help a few months to familiar the new owner. Most of the employees will stay if desire.
Reason for Selling:
Move on to a franchise business.
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Contact the Seller

(from currently available funds)
 
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Vinh Nguyen

Business Listed By:
Vinh Nguyen

Westgate Business Group, LLC

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