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Successful Restaurant In Great Location
Location: United States -> Virginia -> Henrico County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Great Neighborhood Bar and Grill has been successful for over 7 years. Great location with no in-kind competitor for miles. Strong lunch crowd is dominated by loyal regulars and local business people. Consistent dinner patrons give way to the night life crowd who come for the live entertainment, fun atmosphere and camaraderie. Strong Revenue and cash flow continue to grow every year since opening. This is a great business that will continue to grow and be successful under new ownership. For more information call Michael Mitchell at 804-381-6667 or email us. Price $349,000.

Facilities: The well designed efficient 4000 sq. ft. facility is split into 2500 sq. ft. for the front of the house and 1500 sq. ft. for the kitchen and storage. The open yet intimate dining area includes booths, tables, space for a band, and a large horseshoe shaped marble bar. Occupancy is 160 and on busy nights they are at capacity without feeling crowded.

All equipment is included: kitchen equipment, small wares, bar equipment, audio equipment, complete POS system with a back of house computer, 3 big screen TVs, furniture, bar stools, chairs, tables and much more.

There is plenty of parking in front of the restaurant to accommodate all patrons at full capacity. There are 2.5 years left on the 10 year lease, which can be renegotiated with the lessor. For more information call Michael Mitchell at 804-381-6667 or email us. Price $349,000.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $830,000
Cash Flow:   $160,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $65,000
Seller Financing:  Yes

About The Business

Year Established:  2007
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Extensive training and transition available
Reason For Selling:  Retirement

Photos

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Successful Restaurant In Great Location Photo 1




Print Listing Id: 700230304


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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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