Seminole Trail North Restaurant

Undisclosed Address, Charlottesville, VA 22911
Business Opportunity for Sale
Catylist Listing ID: 30852815
Property Subtypes: Food and Beverage
Building Size (RSF): 1,500 SF
Sale Price: $425,000
Name of Establishment: Martins Grill & Burger Bus Food Truck
Business Website Address: https://www.martinsgrill.com/
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 9/18/2023

Overview / Comments

Here's an opportunity to own a popular and successful business! There is a 5 year Lease in place and you will enjoy the regular business, repeat clients and income for an owner/operator, with this long established business, located in the busy Northern area of Charlotteville's Urban Ring.

Located only minutes to the Airport, Shopping and the Forest Lakes Subdivision with thousands of homeowners nearby, many in walking distance, you will have plenty of people to service!  Average Daily Traffic Count on Seminole Trail is 39,000.

Following todays trends with Food Trucks- you can own this Restaurant's "Burger Bus" and take the food to the events. Locally there are an incredible amount of vineyards, breweries, craft shows and other events to plan for and to set up and sell your Burgers and Food.

The Restaurant is located with good visibility to U.S Rt. 29 (Seminole Trail) the main road entering the Charlottesville area. The restaurant includes all equipment, leasehold improvements, supplies, personal property and more, ready to run the Restaurant. Lots of information available on this well known establishment. Outdoors patrons love the Blue Umbrellas and Cafe style tables for seasonal dining outside. Inside has lots of potential to stay open later and attract Bar Patrons, and bring in Music and expanded Dinner Menu and stay open past 7 pm! and late night for drinks and snacks!  

Additional Details

Industry Segment: Other Food and Beverage
Reason for Selling: Ready for a change, they have another smaller restaurant business local, time to slow down!
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 5 years, copy of lease available
Employee/Labor Description: Local Restaurant workers, no special skills other than simple cooking and serving
Mgmt/Training Support Description: Owner will train or stay on for a time after sale to assist transition
Competition/Market Description: A few other Restaurants nearby
Growth/Expansion Opportunities: Plenty, hours are only lunch to 7 pm. There is room for small live music and a dinner or breakfast menu to be added and expand hours.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,700 12,560 40,429
Median Age: 39.55 42.6 40.43
Households: 1,355 4,747 16,529

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