Established restaurant in fast growing community. Perfect opportunity for growth!
Established restaurant in fast growing community. Perfect opportunity for growth!
If you want to work for yourself and be a part of a fast-growing community this is the opportunity to do both. This small restaurant located in a popular high traffic shopping center has established itself as a necessity for so many in this area. A lot of retirees here do not want to cook, they look to restaurants in the area, especially this one, to provide them with meals. And it is not just retirees! Parents would rather swing by and grab a home-cooked meal to-go for the family. This is the bulk of the repeat business for this restaurant. The new owner will not have to start from scratch you just have to be an incredible cook because you will have some "big pots to fill". The clientele, all your equipment, recipes, and even the name will stay. The current owner will also be willing to stay on for a short time to help train and introduce the new owner to the community as well. This is a busy profitable established restaurant, wear comfortable shoes, and be ready to work! It is profitable and fulfilling... this little place is a gem! The current owners want this to be a "quiet sale" because they know it is going to upset their customers. That is evidence of how important this restaurant is in this town. If you want to know more about Forest, VA go to ...www.niche.com/places-to-live/forest-bedford-va/ CAll ME! Zan Davis REALTOR® Century 21 ALL-SERVICE 15243 Forest Road Ste C (M) 434-851-4808 Licensed in the Commonwealth of Virginia
Location
Country: | USA |
State or Province: | VA |
City: | Forest |
Location Zip or Postal Code: | 24551 |
Listing Information
Service Type: | Sit-Down Table Service, Counter Service/Fast Casual, Catering |
Title of Listing: | Established restaurant in fast growing community. Perfect opportunity for growth! |
Year Established: | 2015 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 2000, Square Feet |
Patio: | No |
Number of Employees: | Less than 10 |
Hours of Operation: | Tuesday-Sat 11 am - 9 pm |
Growth or Expansion Opportunities: | YES |
Reason for Selling: | Retiring |
Owner Operated or Absentee Owner or Flexible: | Flexible |
Training Provided: | Yes |
Financial Details
Asking Price: | $225,000.00 |
Gross Revenue Range: | Under $500,000 |
EBITDA Range: | Under $100,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Total Monthly Rent: | $900 |
Financial Comments (include any Financing information that may be useful): | This business has NOT been negatively impacted by Covid-19. In fact, they have been so busy with carry-outs orders that they have to cut off orders after a certain time because they can not keep up! |
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