MergerPlace

Charming Italian-American Restaurant

Virginia (Shenandoah)


  • Asking Price: $143,000
  • Gross Income: $451,341
  • Cash Flow: $74,708
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $40,000
  • Listing ID: #210988
  • Established: 2000
  • Employees: 10

Business Description

Excellent opportunity to own an established and well-known Italian-American restaurant serving customers in Shenandoah County, VA for nearly 20 years. The owner and friendly staff take pride in serving top notch cuisine featuring many popular favorites in an inviting atmosphere. In addition to catering to locals and tourists, the restaurant is also located just off a major highway which brings in the traveling public looking for a quality meal.

The chef takes get pride in the classic Italian menu and the restaurant has great reviews on many popular dining review platforms. Loyal customers are drawn to the warm environment, high quality dishes, consistent service and value with many traveling from 20+ miles for regular visits. The excellent fare is complemented by a nice selection of wine and beers.

The main dining room is 2400 square feet and seats 80 people. A 585 square foot banquet room with seating for 32 guests is perfect for hosting parties, events, and groups. The kitchen is roughly 635 square feet and was renovated in 2004 with the refrigeration system upgraded in 2016. The kitchen equipment has been routinely upgraded as needed. Storage consists of a 100 square foot walk-in cooler, several freezer chests, and 1715 square feet of dry storage.

Please note, the restaurant owner also owns the building and is seeking to sell both the business and real property.


Business Details

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

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10

Financial Information

Asking Price: $143,000
Gross Revenue: $451,341
Cash Flow: $74,708
FF&E: $40,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

Landmark restaurant prominently located in a small town in a 2-story historic building.

Growth & expansion opportunities:

There is room to grow the business through several avenues. Outdoor seating could be added to increase the overall seating options. New marketing and advertising will attract more customers and promote the availability of carryout platters. The addition of a mixed beverage liquor license may increase profits.

Competition:

Standard competition for the industry and market. This business has a great reputation and established customer base.

Reason for selling:

Owner is retiring.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Leo Carling

Horizon Business Brokers, LLC