Successful Rappahannock River Seafood Restaurant

Essex County, VA

Seller Financing Available
Seafood Restaurant
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Asking Price: Get Financing: $425,000

Cash Flow: $258,000

Gross Revenue: $3,328,000

EBITDA: $258,000

FF&E: N/A

Inventory: N/A

Real Estate: $1,100,000*

Established: 1938

*not included in asking price.

Successful Rappahannock River Seafood Restaurant

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Business Description

This business is a seafood restaurant. It is the oldest restaurant in the community, serving customers since 1938. The restaurant has been owned and operated for three generations. The original founder’s son and grandson, as well as other family members, still run the restaurant today. Throughout the 80 years in business it has stayed true to their core values that has kept customers coming back for decades.

The restaurant is a family restaurant serving lunch and dinner daily, and breakfast on weekends. Luncheon specials are offered throughout the week as well as nightly dinner specials. The restaurant features local fresh seafood as well as numerous homemade dishes, including everything from fried chicken and southern specialties to salad dressings and hot fudge cakes. Customers can also take all of their favorites to go with the restaurants's bustling carry out shop.

The restaurant has been remodeled and refurbished throughout the years; recently remodeled in February of 2016. The grill & patio is the newest addition to the restaurant.  The grill and patio is a fun and kid friendly environment during the day and turns into a great place for adults to enjoy a drink and live music at night!

This restaurant offers buyers the unique opportunity to purchase not only a profitable restaurant but also a piece of history.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
11,900
Employees:
45
Facilities:
Tax Credits Available!
Financing:
BUILDING AVAILABLE FOR SALE
Reason for Selling:
Owners Retiring
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Contact the Seller

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Jim JD/EA, CRE

Business Listed By:
Jim Maxwell, JD/EA, CRE

KW Commercial Mid Atlantic

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Sponsoring Broker:
Jim Maxwell, JD/EA, CRE

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