Unique 9,970 Square Foot Restaurant for Sale in VA 32561

VA

Unique 9,970 Square Foot Restaurant for Sale in VA 32561
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Asking Price: $699,000

Cash Flow: $265,000

Gross Revenue: $2,700,000

EBITDA: N/A

FF&E: $105,000

Inventory: $35,000*

Established: N/A

*not included in asking price.

Unique 9,970 Square Foot Restaurant for Sale in VA 32561

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Business Description

Spacious Eatery for Sale in VA 32561

Unique Restaurant- 9,970 SF. This business must be visited to be appreciated. It offers 9,970 sf with 2 full dining rooms (70 seats in each dining room) and 3 bars (100 bar seats in total). It is one of the few locations in the area that can accommodate multiple, large, separate dining events (private parties, fundraisers, etc. There is a huge kitchen with new compressors on all refrigeration, 3 walk-ins and a large basement for storage. They are currently open 6 days. This year sales are averaging 48-51K/wk with consistent growth ($2.7 mil. in gross sales projected for this year) with a net profit of approx. $265,000.00. There are 19.5 years left on the current lease (9.5 plus two 5 yr. options) at a rent of $25,000/mth. The business is fully-staffed with 20 full-time and 10-12 part-time employees. They have a state-of-the-art POS system. We are seeking a serious and financially qualified buyer with at least $575K in liquid funds to cover the $500K down payment and $75K rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only.

We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Yes
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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