BUSINESS FOR SALE, NOT A REAL ESTATE TRANSACTION
$250,000 — Asking Price
$636,000 — 2019 Annual Sales
$102,000 — 2019 Annual Cash Flow (assuming one owner working full-time)
Location: Western foothills of Virginia’s Blue Ridge Mountains
Facilities: HUGE, well-equipped and well-maintained kitchen. Approx 65 seats
Growth & Expansion: Currently, the restaurant operates 5 days a week, only dinner. It has a solid history pre-covid of running solid brunch and lunch programs, and that could be reintroduced easily. While they have developed a good take-out following, that could be enhanced further, and introduce catering — which they get lots of requests for, but don’t do at all.
Support & Training: The owner will train you on the systems and recipes to ensure a smooth transition.
Reason for Selling: Retirement.
Beloved local institution, popular with locals, students, and tourists alike. Upscale, American fare with a modern twist. Consistently producing about $700,000 in sales annually.
Located in a historic, bustling downtown in the western foothills of Virginia’s Blue Ridge Mountains, in close proximity to two major universities.