MergerPlace

Profitable 26 Yr. Family Restaurant

Virginia (Warren)


  • Asking Price: $499,000
  • Gross Income: $912,503
  • Cash Flow: $255,463
  • Real Estate: Not Disclosed
  • Inventory: $9,000
  • FF&E: $137,000
  • Listing ID: #219639
  • Established: 1994
  • Employees: 5 FT / 11 PT

Business Description

Profitable 26 Yr. Family Restaurant


Business Details

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

Company Information

Year Established: 1994
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT / 11 PT

Financial Information

Asking Price: $499,000
Gross Revenue: $912,503
Cash Flow: $255,463
FF&E: $137,000
Inventory: $9,000
Seller Financing Available: Yes

Property Information

Facilities:

Full kitchen and restaurant setup including 2500 sq. ft of space. The main dining area seats 73 including counter seating of 14. A separate area for group meetings seats 29.

Growth & expansion opportunities:

There is steady growth potential consistent with the growth over the life of the restaurant. Owner projections for growth are about 6% this year. One area that can be capitalized on is slight adjustments to the currently low prices. Formal advertising, like in local papers, may provide increased visibility and customers.

Competition:

There is loyal repeat customers, including local law enforcement, due to the warm, down home country food experience this restaurant offers. Food quality and competitive pricing ranks this restaurant above similar offerings.

Reason for selling:

Owner is becoming a full time accountant.

Support & Training:

Will train for 4 weeks @ no cost Products offered include all-day American breakfast and country classic fare. Full table service restaurant. Restaurant management experience a plus.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Fred Walker

Murphy Business Brokers