Restaurant - Angelo's Colonial - Established 1990
Location Virginia,United States
Asking Price Range $250K - $500K
Gross Revenues $385000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Training Available.
Reason for Sale Retirement.
Description Opportunity to buy an established family restaurant for sale, located in one of the top sailing, fishing communities on the Chesapeake Bay. *Home of the famous Oyster Festival*
The restaurant has been in business in this location for 19 years; open year-round 6 days a week. Owner is willing to work with new proprietor to transition ownership and help continue current client loyalty.
Competition: Angelo.s is the only restaurant in town that is open 6 days a week, year round. The locals favor Angelo.s and business always increases during the summer months, particularly patrons from Bethpage campground and transient boaters docking at the marina which is in walking distance.
Growth/Expansion:
The town of Urbanna is on the brink of a boom development with *Rosegill*,(rosegill.com) a planned community developing up to 749 home sites in the near future which is only 1/4 mile down the road from Angelo.s restaurant.
ASKING: $375,000. For details email or call 804-318-4050.
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