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Business for Sale Summary

Spacious High Volume Restaurant for sale in VA - 34801

Business Type: entertainment,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
Owner Financing
Spacious High Volume Restaurant for sale in VA
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This business has received 9 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,550,000 Down Payment $1,000,000
Gross Revenues $2,750,000 Lease Remaining Register Free to View
Owner’s Cash Flow $526,880 Number of FT Employees Register Free to View

Financing

$1,000,000 Down and 550K over over 4 yrs. @ 5% with a personal guarantee.

Business Description

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 $1 mil. in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. 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 at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.