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Well Known Restaurant Market With Real Estate For Sale

Rappahannock County, Virginia, US
Asking Price:
$100,000 (USD) Furniture / Fixtures included
Sales Revenue:
$446,000 (USD)
Cash Flow:
Available on request

Fantastic opportunity to own a well-known restaurant and market located in Rappahannock County, Virginia that is located in close proximity to Shenandoah National Park. The business opened in 2017 and consists of a full-service restaurant offering breakfast and lunch co-located with a general store/market. The restaurant offers made-to-order, dine-in and take-out fresh food made from fresh and high-quality ingredients. The market/general store was added in the summer of 2021 to offer customers last minute grab and go items, including beer/wine, as well as items for hiking, camping, and traveling.

Over the past four years, the business has become a popular spot in the community with regulars and visitors alike. The business revenue has remained steady since it first opened, and the business performed well in 2020 despite the impact of the pandemic. Cash flow has been growing and reliable over the past several years as well. The addition of a general store represents a new opportunity for the future owner to build on and continue to grow the operation. The area around the business is situated in a growing part of the state. The Real Estate asking price is $950,000. It comprises 3.3 acres with the 5,000 square foot building located on a prominent thoroughfare with good visibility along a main thoroughfare. The property is zoned for both commercial and residential.

***Please DO NOT visit the business and speak with any of the employees about the sale of the business as they may be unaware of the sale and if they find out it could be detrimental to the business owner and prospective buyer. Broker and Seller are happy to schedule an in person meeting together outside of business hours to provide a full tour and answer any questions.***

Property Information

Real Estate:

Real Property Included

Location:

A 5,000 square foot restaurant and market located very close to Shenandoah National Park in Virginia.

Premises Details:

The building was completely renovated in 2016 with new commercial electrical, commercial plumbing, commercial HVAC system, and new furniture and commercial kitchen equipment.

Business Operation

Expansion Potential:

The business was expanded to include a new convenience store in the summer of 2021. The restaurant currently serves breakfast and lunch 5 days a week from 8am to 3pm. The next owners could expand restaurant to offer dinner service or expanded hours which could significantly increase revenues. As the general store side of the business is still relatively new, there is ample room for growth and expansion in that area.

Competition / Market:

There is no direct competition for this type of concept within 20-30 miles.

Reasons for selling:

Owner is retiring.

Employees:
7
Years established:
4

Other Information

Support & training:

Seller will provide necessary training and support.

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD)

Contact Horizon Business Brokers, LLC

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