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Well Established Restaurant for Sale

Blackstone, VA (Nottoway County)

Seller Financing Available
Exterior front with patio
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Asking Price: $399,900

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2014

Well Established Restaurant for Sale

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Business Description

Turn key established restaurant with two apartments

This restaurant is considered one of the best in the area. It has become a destination dining spot for patrons within a 60-mile radius. It has a warm and inviting dining area, a lovely antique
bar area for more casual dining and an outdoor patio, which is next door to the town's open green space. The equipment is up to date and well maintained.
There are two apartments on the second level that bring in added income.
There is a new State Department development that will bring lots of potential for new business.
The owner is a very hands-on chef, so he has limited hours...Tuesday - Saturday at 11 Am - 9 Pm.
However, the potential for business 7 days a week and extended hours on weekends would greatly enhance the profitably and cash flow.

Detailed Information

Location:
Blackstone, VA
Real Estate:
Owned
Building SF:
7,200
Employees:
15
Facilities:
Total sq. ft 7271, Two two-bedroom apartments on the second level with month to month leases. (Home Based)
Competition:
The business in on the main street with good foot and driveby traffic. This business is a standout business. It where the local business community gathers for entertaining clients and business functions.
Growth & Expansion:
There is great opportunity for growth with an owner who wants to get into catering and extend hours. A new State Department development nearby at Fort Pickett will bring in 800 jobs and the potential for a more discerning patron.
Financing:
Rental income from two apartments over the restaurant is $1250 per month.
Support & Training:
Staff is fully trained. The chef may offer special training to a new chef.
Reason for Selling:
Health issues
Home-Based:
This business is Home-Based
Business Website:
http://cornerkitchenva.com
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Business Location


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Business Listed By:
Carolyn Davis

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