MergerPlace

Newly Builtout Turnkey Restaurant Space

Harrisonburg, Virginia (Harrisonburg City)


  • Asking Price: $49,000
  • Gross Income: $200,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $60,000
  • Listing ID: #210623
  • Established: 2017
  • Employees:

Business Description

Great opportunity to own a restaurant/cafe space that was fully built out in late 2016. The previous owner had to shut down recently due to a family emergency. A buyer would be purchasing the assets and equipment and assuming the lease to start their own restaurant concept in this space. The prior concept was generating around $200K in revenue annually for 2 years in a row without much marketing. This restaurant was absentee-owned, so a hands-on owner would be able to easily increase the revenue.

The space has a 3-compartment sink, a backroom, a nice front-end display case, and lots of counter space. The assets are in great condition and include: stainless steel appliances, large refrigerator/cooler, donut machine, espresso maker, POS system, food warmer, commercial mixer, tables and chairs, security cameras, shelving, prep areas, a Hood system and more! Rent is low and the initial term of lease has 2 1/2 years left on it with two-5 year consecutive options. The space is near college student housing. This was over a $150K build out, but is being sold for a quick sale because of a family emergency. With some fresh paint, and some small custom updates, you could be ready to serve new customers soon. If buyer needs a stove or fryer these would have to be installed.

This is a turnkey opportunity for someone who does not want to spend thousands of dollars to start their own small restaurant. It would be a great location for someone to open their own cafe, Mexican or Italian restaurant, sandwich shop, Chinese, Thai, or Sushi! Respond now to see pictures and a video tour of the entire space. Also, you can view the asset list conveying free and clear with the sale below.
Equipment Lil Obitz Donut Machine - 9,513.58 Nouvo Simonelli Auralia Expresso Machine- 7,961.56 Fetoc Dual Brewer - 2,013.00 Expresso Grinder - 2,700.00 Open Merchandiser Refrigerator - 4,413.67 Proofer Cabinet - 2,298.92 Eddie Edwards Signs - 4,340.25 Tables & Chairs Ikea - 2,684.00 Fire Hood - Lynchburg Fire - 12,830.60 Decaf Grinder - 1,695.00 Microwave Oven - 343.12 Commercial Mixer - 572.22 Pan Rack - 103.53 Drop In Hot Well (3) - 915.09 Portion Scale (2) - 40.50 Wire Shelving - 152.52 Drop In Sink - 311.12 Three Compartment Sink - 362.83 Pre-Rinse Faucet Assembly - 159.76 Add On Faucet - 51.88 Pot Filler Unit - 503.15 Locker - 193.62 Steele Freestand Shelving (2) - 149.96 Gladiator Freestand Shelving - 179.99 Storage - Global Industrial - 785.35 Light Duty Shelving - 49.98 Ipad (3) - 987.00 Ipad Square Stands - 298.00 Cash Drawer POS - 84.19 Cash Drawer Portable - 48.49 POS Receipt Printer - 212.99 Barska Safe - 185.75 Hot Donut Bar - 1,094.78 Hot Donut Bar Legs - 741.36 Donut Machine Parts - 1,517.17 Fetco Water Filtration Unit - 256.00 Bunn G2 Bulk Grinder - 882.00 Fetco L3D 1 Gallon Server - 765.00 Water Softener - 250.00 Knock Box - 45.00 Tamper (2) - 104.00 Reach In Refrigerator - 1,924.71 Reach In Under Counter Refrigerator - 1,257.00 Ice Maker - 1,527.71 Menu Boards - 520.00


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia
Metropolitan Area: Harrisonburg
County: Harrisonburg City

Company Information

Year Established: 2017
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $49,000
Gross Revenue: $200,000
FF&E: $60,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

The business is situated in a high rise mixed use building with apartments above and restaurants on the main level.

Growth & expansion opportunities:

Focus more on marketing, networking, and making your concept different and fresh compared to competitors.

Competition:

Standard competition for the market.

Reason for selling:

Family emergency.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Jordan Chenette

Horizon Business Brokers, LLC