Successful Family Run Restaurant For Sale

Alexandria, VA (Fairfax County)

Restaurant has 79 inside seats, 10 bar seats and 16 ourtdoor seats

Asking Price:$175,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate:N/A /SF

Established:2008

Successful Family Run Restaurant For Sale

Get Financing Save Print Share Valuation Report

Business Description

Profitable Restaurant and opportunity to grow income!

Highly popular & established family run restaurant for over 8 years at this location with strong customer base. 1,488 sf restaurant seats 89 indoors, up to 16 outside. Offers ABC on premises, fully equipped kitchen & equipment are immaculate. Serves lunch & Dinner Tuesday-Sunday. Generates between $20-25K weekly and $950K-1.1M in gross sales yearly. Commission is based on sublease value only. Subtenant will be responsible for balance of lease terms (expires April 30, 2023). FF&E sold separately with sublease for $175,000. Commission is based on the sublease value only. Owner willing to assist in development of new menu and help with training during transition period if desired.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,844
Lease Expiration:
4/30/2023
Employees:
6 full + 3 part
Facilities:
Restaurant space is part of a larger neighborhood retail center, anchored by RESULTS FITNESS (formerly GOLDS GMY). Restaurant is 1,844 sf with full kitchen, 79 interior seats, 10 bar seats and 16 outdoor seats. All equipment well maintained and in excellent working order. Kitchen equipment, fixtures, furniture and inventory included in the sale price. There is unlimited parking with 6 HC space of which 8 designated spaces which includes 2 HC spaces specifically for the restaurant.
Competition:
Restaurant currently offers Balkan and German inspired cuisine in an area supported by local and nearby neighborhood customers. Has built a strong loyal and repeat clientel that enjoys great food and family friendly service. Currently open for lunch and dinner, Tuesdays through Sunday. Great potential to increase income by expanding breakfeast and 7 days a week service.
Growth & Expansion:
Great potential to increase income by expanding hours of operation to include breakfeast and 7 days a week service. The adjacent RESULTS FITNESS center has a large clientel looking for something to take to work after exercising and offers a market for healthy drinks af food as well.
Financing:
Can easily increase income by opening for breakfeast and on Mondays and Holidays.
Support & Training:
Owner wants you to be successful and is willing to assist in creating unique menu as well as help during the transition.
Reason for Selling:
Owner is moving to larger and newly purchased building.

Listing Statistics for Premium Members

Ad#:1460097 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

bob kuletz

Business Listed By:
bob kuletz

KW COMMERCIAL

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings