Profitable and Popular American Grill with Low COG/High SDE

Listing Number: 9525-219192

Description

If you've ever dreamed of owning your own old fashioned grill at the center of the main street shopping district, the current owner's pending retirement is providing your chance! This town favorite restaurant currently enjoys a brisk breakfast and lunch crowd. Evenings also saw a robust crowd before he current owner's desire to slow down led to the grill being closed for dinner at present. The great news for a new owner with a desire to grow is that not only does this grill come with a full liquor license, but the town business leaders are encouraging the owner to reopen for dinner.
Even with the current limited hours, this restaurant delivers high profits of over $125,000 per year.
The 20 foot vintage wood bar with multiple beer taps is the best spot in town to meet friends for lunch, or drinks and appetizers. It is also extremely popular for breakfast, and one of very few options in town.
The business has strong key performance metrics. The owner has achieved a 24% Cost of Goods Sold, a stable employee base, and has a low rent rate. The landlord is willing to sign a new long term triple net lease.

Call or email Mark Irion to learn more.

Listing Details

• Price: $299,000
• Down Payment: $299,000
• Sellers Discretionary Earnings: $126,000
• Total Sales: $335,000
• Location: Warrenton City, Virginia


• Inventory: $2,500
• FF&E: $0
• Employees: 5
• Reason for Selling: Retirement
• Category: Restaurants