Turnkey Restaurant Space - Built Out & Ready to Serve Customers!

Harrisonburg, VA (Harrisonburg City County)

Turnkey Restaurant Space - Built Out & Ready to Serve Customers!
Contact Seller

Asking Price: $49,000

Cash Flow: $4,000

Gross Revenue: $20,000

EBITDA: N/A

FF&E: $60,000

Inventory: $1,000*

Established: 2016

*not included in asking price.

Turnkey Restaurant Space - Built Out & Ready to Serve Customers!

Save Print Share Valuation Report

Business Description

Great opportunity to own a restaurant/cafe space that was fully built out in late 2016. The previous owner had to shut down recently due to a family emergency. A buyer would be purchasing the assets and equipment and assuming the lease to start their own restaurant concept in this space. The prior concept was generating around $200K in revenue annually for 2 years in a row without much marketing. This restaurant was absentee-owned, so a hands-on owner would be able to easily increase the revenue.

The space has a 3-compartment sink, a backroom, a nice front-end display case, and lots of counter space. The assets are in great condition and include: stainless steel appliances, large refrigerator/cooler, donut machine, espresso maker, POS system, food warmer, commercial mixer, tables and chairs, security cameras, shelving, prep areas, a Hood system and more! Rent is low and the initial term of lease has 2 1/2 years left on it with two-5 year consecutive options. The space is near college student housing. This was over a $150K build out, but is being sold for a quick sale because of a family emergency. With some fresh paint, and some small custom updates, you could be ready to serve new customers soon. If buyer needs a stove or fryer these would have to be installed.

This is a turnkey opportunity for someone who does not want to spend thousands of dollars to start their own small restaurant. It would be a great location for someone to open their own cafe, Mexican or Italian restaurant, sandwich shop, Chinese, Thai, or Sushi! Respond now to see pictures and for a video tour of the entire space.

The following assets convey free and clear with the sale:
Equipment Lil Obitz Donut Machine - 9,513.58 Nouvo Simonelli Auralia Expresso Machine- 7,961.56 Fetoc Dual Brewer - 2,013.00 Expresso Grinder - 2,700.00 Open Merchandiser Refrigerator - 4,413.67 Proofer Cabinet - 2,298.92 Eddie Edwards Signs - 4,340.25 Tables & Chairs Ikea - 2,684.00 Fire Hood - Lynchburg Fire - 12,830.60 Decaf Grinder - 1,695.00 Microwave Oven - 343.12 Commercial Mixer - 572.22 Pan Rack - 103.53 Drop In Hot Well (3) - 915.09 Portion Scale (2) - 40.50 Wire Shelving - 152.52 Drop In Sink - 311.12 Three Compartment Sink - 362.83 Pre-Rinse Faucet Assembly - 159.76 Add On Faucet - 51.88 Pot Filler Unit - 503.15 Locker - 193.62 Steele Freestand Shelving (2) - 149.96 Gladiator Freestand Shelving - 179.99 Storage - Global Industrial - 785.35 Light Duty Shelving - 49.98 Ipad (3) - 987.00 Ipad Square Stands - 298.00 Cash Drawer POS - 84.19 Cash Drawer Portable - 48.49 POS Receipt Printer - 212.99 Barska Safe - 185.75 Hot Donut Bar - 1,094.78 Hot Donut Bar Legs - 741.36 Donut Machine Parts - 1,517.17 Fetco Water Filtration Unit - 256.00 Bunn G2 Bulk Grinder - 882.00 Fetco L3D 1 Gallon Server - 765.00 Water Softener - 250.00 Knock Box - 45.00 Tamper (2) - 104.00 Reach In Refrigerator - 1,924.71 Reach In Under Counter Refrigerator - 1,257.00 Ice Maker - 1,527.71 Menu Boards - 520.00

Detailed Information

Inventory:
Not included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is situated in a high rise mixed use building with apartments above and restaurants on the main level.
Competition:
Standard competition for the market.
Growth & Expansion:
Focus more on marketing, networking, and making your concept different and fresh compared to competitors.
Support & Training:
Seller will provide necessary training and support for 1-2 weeks and phone support as needed.
Reason for Selling:
Family emergency.
Franchise:
This business is an established franchise
Business Website:
http://www.horizonbrokers.com
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Jordan Chenette

Business Listed By:
Jordan Chenette

Horizon Business Brokers, LLC

Show Phone Number

View My Listings


Sponsoring Broker:
Dustin Zeher, CBI

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1571471 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.


Similar Listings


Healthier4U Vending

Franchise Opportunity
Capital Required: $25,000