Fox's Cafe

Business Opportunity for Sale
Catylist Listing ID: 30765595
Property Subtypes: Food and Beverage
Building Size (RSF): 1,250 SF
Sale Price: $80,000
Name of Establishment: Fox's Cafe
Year Business Established: 1995
Gross Revenue: $200,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller
Last Updated: 10/7/2021

Overview / Comments

This is a great long-lasting local Belmont Diner in business for 26 years. 43 seats only open for breakfast and lunch a whole meal service, dinner is available to expand sales, which could be easily doubled. Historically low prices, neighborhood-focused. This spot is a gem. 19 to 21 parking spaces, some in tandem. Next to the Charlottesville Belmont Bridge with great frontage on Avon Street at signaled intersection. Rent is currently $2,100 but will be renegotiated with a new lease for the new business owner. The real estate is also available for sale by separate listing. The Kitchen is all-electric, could be expanded.

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Industry Segment: Restaurants
Reason for Selling: Owner wants to slow down; spend more time with family.
Value of Inventory Included ($): $1,500
Value of Furniture, Fixtures, and Equipment ($): $50,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Currently, month to month as the landlord is trying to sell the real estate. New lease will need to be executed.
Employee/Labor Description: This is a great owner/operator opportunity!
Competition/Market Description: This is a great location surrounded by a very fun neighborhood. Bring your good, fun menu, close to Lampo, Quality Pie, and a couple blocks from MAS and the other restaurants in the heart of Belmont
Growth/Expansion Opportunities: Yes. The current zoning is B-2, the existing building has grandfathered setbacks it could be expanded toward the street by 25% by right.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,168 72,534 88,263
Median Age: 33.82 31.61 33.52
Households: 7,362 28,488 35,026


Photograph of Listing Agent

Clifford Fox

Foxfyre Enterprises, Inc.
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