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Business for Sale Summary

Unique Restaurant for Sale in VA - 32561

Business Type: bar/tavern/night clubs,misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Owner Financing
Unique Restaurant for Sale in VA
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This business has received 34 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $549,000 Down Payment $300,000
Gross Revenues $2,700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $265,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and Negotiable.

Business Description

Unique Restaurant- 9,970 SF. Price Reduction. This business must be visited to be appreciated. It offers 9,970 sf with 2 full dining rooms (70 seats in each dining room) and 3 bars (100 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 new compressors on all refrigeration, 3 walk-ins and a large basement for storage. They are currently open 6 days. This year sales are averaging 48-51K/wk with consistent growth ($2.7 mil. in gross sales projected for this year) with a net profit of approx. $265,000.00. There are 19.5 years left on the current lease (9.5 plus two 5 yr. options) at a rent of $25,000/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. We are seeking a serious and financially qualified buyer with at least $300,000 for the down payment. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made 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.