Listing Number: 9525-219192
Description
Super profitable restaurant selling for an unheard of 1.35X earnings means you make your investment back in just a bit more than a year. The Seller's desire to retire quickly has led to this over 35% slash in the list price.
Profits will soar when new owner utilizes the full liquor license by opening in the evenings, as currently the owner is only serving breakfast and lunch.
If you've ever dreamed of owning your own old fashioned grill at the center of the Town of Warrenton's 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 consistent profits averaging more than $130,000 every 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: $ 185,000
- Down Payment: $185,000
- Sellers Discretionary Earnings: $ 135,589
- Total Sales: $ 356,000
- Location: Warrenton City, Virginia
- Inventory: $ 2,500
- FF&E: $ 0
- Employees: 5
- Reason for Selling: Retirement
- Category: Restaurants
Business Listed By:
- Mark Irion, CM&AP
- Phone: (202) 949-2009
- Email: [email protected]
