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Full Service Restaurant & Wine Sales, Catering
Location Virginia,United States
Asking Price Range $250K - $500K
Gross Revenues $450000
Net Profit / Cash Flow $50000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Key employees will most likely be available after the sale. The owner is willing to stay on for a reasonable transitioning period.
Reason for Sale Retirement.
Description Established in 2008, this bar and restaurant is located in central Virginia. Seating approximately 120 customers, this location lures in both locals and tourists alike located in a premier location downtown. Their experienced staff is made up of a chef, professionally trained at Culinary Arts College, as well as an experienced and professionally trained cook. This fine establishment specializes in all forms of cuisine from southern style home cooking to exquisite fine dining. Not only does this retail food service offer walk-in dining, they also welcome reservations as well as a private dining room and wine cellar for special events. They have an extensive wine and beer list for the customers to choose from as well. Also, this restaurant caters for local events; stronger catering promotions could really put this restaurant on the map.
This successful restaurant is accompanied by equally profitable eateries among restaurant row. They serve brunch, lunch, dinner and dessert on the menu with new dishes every week. With an aesthetically pleasing dining area, this facility offers tasting events on the weekends. The owner has a company website set up and also utilizes social advertising. This listing has it all, great location, a good reputation in the community, delicious food, raving reviews and plenty of room for easy growth. The owner is nearing retirement and would love to see an ambitious new owner grow this restaurant to the next level.
The revenues are divided as follows: 70% restaurant sales, 20% wine sales and 10% catering sales. Asking price is $300,000. Inventory & equipment are included in the sale price. Call Jason Hullender (IAG) at 972-331-7353
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