MergerPlace

Specialty Meat Marketplace and Cafe

Virginia


  • Asking Price: $138,500
  • Gross Income: $417,029
  • Cash Flow: $68,640
  • Real Estate: Not Disclosed
  • Inventory: $4,000
  • FF&E: $50,000
  • Listing ID: #205225
  • Established: 2001
  • Employees: 1 FT/ 5 PT

Business Description

This is a one-of-a-kind food services Company that operates in a college town setting. It has been a very successful Franchise operation presently operated by the Spouse in order to provide a second source of income for the family. This Business has been extremely successful in spite of this fact as it does not represent the principal "bread-winner of the families" income. They have purposefully restricted hours simply because they wanted more family time. A younger, ambitious owner will find a myriad of ways to grow what they have built to this point.


Business Details

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

Company Information

Year Established: 2001
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT/ 5 PT

Financial Information

Asking Price: $138,500
Gross Revenue: $417,029
Cash Flow: $68,640
FF&E: $50,000
Inventory: $4,000
Seller Financing Available: No

Property Information

Facilities:

The location is a Commercial Strip Center in popular college town located in the Shenandoah Valley. Two Doors in front of space and one in the rear. The Real Estate is owned by a non-related, third party. New Ownership would need to negotiate new lease terms. Current lease is for 2,624 sq. ft. Current lease runs thru October 31, 2020 with 3-year right to renew. Lease includes provision that if current tenant decides to close or sell its business, then tenant has the right to terminate the lease by providing sixty days written notice. Any assignment requires Landlord consent and lease will stand solely on the Buyers creditworthiness, relieving present owner from any liability.

Growth & expansion opportunities:

As mentioned above, the hours are somewhat limited based on the lifestyle the owners have chosen personally. New ownership will see many more creative ways to expand sales.

Competition:

While this engagement would officially be considered a restaurant, the wholesale-like characteristics make it a little different than the traditional restaurant day-to-day grind. As such, there is really nothing comparable to it in the town in which it operates. It also provides delivery service.

Reason for selling:

Age and retirement.

Support & Training:

Will train for 4 weeks @ no cost. Only a general business license is required.

Contact Business Seller

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Business Listed By:

Richard Halterman

Murphy Business Brokers