MergerPlace

Growing Profitable Restaurant

Virginia


  • Asking Price: $102,000
  • Gross Income: $667,172
  • Cash Flow: $34,029
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $35,000
  • Listing ID: #218450
  • Established: 2017
  • Employees: 6FT/4PT

Business Description

This is an upscale/casual restaurant in the Northern Shenandoah Valley serving lunch and dinner Wednesday through Saturday and Brunch on Sundays. Wine and beer sold but no spirits. They also provide catering and wholesale services. The offerings are meant to be diverse and cater to all tastes and all income levels. Their atmosphere and customer service are far superior to other local establishments with somewhat similar concepts. They make everything on the menu from scratch and update their menus seasonally to maintain a fresh look for repeat customers.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6FT/4PT

Financial Information

Asking Price: $102,000
Gross Revenue: $667,172
Cash Flow: $34,029
FF&E: $35,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The location is great only 2 blocks from downtown, with the advantage of parking that downtown restaurants do not have. Building is roughly 2000 sq. ft. They can seat 40 inside and 40 outside of the restaurant weather permitting. There is a covered patio outside as well as a dog friendly seating area with 4 tables. 50 parking spots are available.

Growth & expansion opportunities:

This restaurant continues to move upward and were it not for the health of the present owner, there is no reason to think it will not keep going north. Their reputation is above reproach.

Competition:

They compete with a diverse group of restaurants and their clientele are those that are willing to pay more if they know they can expect a better product. They have found a way to compete with other restaurants in town by having the best burgers in town...sounds simple but having great burgers and homemade fries goes a long way. At the same time, they can compete with the upscale restaurants by having great, creative menu options that cater to a discerning palate, the best of both worlds. The menu options are diverse, skillfully prepared and the atmosphere is comfortable, and the service is top notch.

Reason for selling:

The overriding issues surround the health of the owner.

Support & Training:

Will train for 2 weeks @ no cost. An upscale/casual restaurant in the Northern Shenandoah Valley serving lunch and dinner Wednesday through Saturday and Brunch on Sundays. Wine and beer sold but no spirits. Other than a normal business license to do business in the City, no special licenses are required.

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Business Listed By:

Richard Halterman

Murphy Business Brokers