Listing Number: 9525-555490
Restaurant has been in business for over 20 years at this location on a busy street that serves as the main shopping district and hub for many of the business centers in the county, with many new residential communities just beyond. Current owners have increased its revenues over pre-COVID times with takeout and delivery supported by effective Internet ordering.
Cited figures are real amounts for operations during the current COVID period (annualized), not a forecast of what a future bounce-back might bring. The restaurant has distinguished itself in its niche with an upscale menu; once restrictions are lifted, the dining room can accommodate up to 70 customers and on-premises beer & wine can be resumed.
The price includes extensive furnishing, fixtures and equipment (FFE) valued at $155,000, comprising kitchen and prep station, table, chairs, booths, etc. 2-3 weeks' working inventory will be on hand, for an estimated value of $5,000 (not included in price). The favorable lease has 4+ years remaining. The staff is led by an experienced senior chef, freeing the owner to work on this and other businesses rather than being part of an on-shift crew.
Some seller financing is available.
The bottom line is a local fixture that has proven its resiliency and is offered at an attractive price considering its revenues and category. It provides a complete turnkey operation with limited working capital required.
- Price: $365,000
- Down Payment: $292,000
- Sellers Discretionary Earnings: $150,000
- Total Sales: $720,000
- Location: Stafford County, Virginia
- Inventory: $5,000
- FF&E: $150,000
- Employees: 5
- Year Established: 20
- Reason for Selling: Other business interests
- Category: Restaurants