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Spacious High Volume Restaurant In Virginia For Sale

Virginia, US
Asking Price:
$1,250,000 (USD) Inventory / Stock included
Sales Revenue:
$2,750,000 (USD)
Cash Flow:
$526,880 (USD)

Spacious High Volume Restaurant. Price Reduced! This business must be visited to be appreciated. It offers 9,970 sf with 2 full dining rooms (70 seats in each dining room), a third - 35 seat private dining room and 2 bars (75 bar seats in total). It is one of the few locations in the area that can accommodate multiple, large, separate dining events (private parties, fundraisers, etc). There is a huge kitchen with 3 walk-ins and a large basement for storage. Sales have seen a solid bounce back since 2020. In the past year the business grossed approx. $2,750,000 (approx. $52K/wk) with a net profit of approx. $526,880.00. There are 16 years left on the current lease with a rent of $25,916/mth. The business is fully-staffed with 20 full-time and 10-12 part-time employees. They have a state-of-the-art POS system. There is also room to expand the seating capacity for continued growth. We are seeking a serious and financially qualified buyer with at least $750K. in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today. Proof of funds will be requested prior to releasing the address. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Moving

Employees:
20FT/12PT
Years established:
2018

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

750,000.00 Down & 500K over over 4 yrs. @ 5% with a personal guarantee.

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$20,000 (USD) - included in the asking price

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