Downtown Restaurant–-Big Price Reduction

Undisclosed Address, Charlottesville, VA 22902
Business Opportunity for Sale
Also listed as Hospitality, Special Purpose
Catylist Listing ID: 30295392
Property Subtypes: Food and Beverage
Building Size (RSF): 2,600 SF
Sale Price: $149,000
Gross Revenue: $600,000 (Annual)
Cash Flow: $75,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Cash at Closing. Owner financing available on a per deal basis
Last Updated: 3/27/2020

Overview / Comments

Established Downtown Restaurant with 20 years in business.
Please contact listing agent for details.
Motivated Sellers

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner retiring
Value of Inventory Included ($): $65,000
Value of Furniture, Fixtures, and Equipment ($): $65,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Full service lease at $3500 per month
Employee/Labor Description: Staff will stay upon purchase
Mgmt/Training Support Description: Owner will stay to help buyer with transition
Competition/Market Description: Well loved established restaurant
Seller Financing Description: Per deal basis based on buyer


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