Corner Restaurant For Sale

Undisclosed Address, Charlottesville, VA 22903
Business Opportunity for Sale
Catylist Listing ID: 30384689
Property Subtypes: Food and Beverage
Building Size (RSF): 5,000 SF
Sale Price: $350,000
Year Business Established: 1953
Gross Revenue: $2,000,000 (Annual)
Cash Flow: $150,000 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Last Updated: 11/9/2020

Overview / Comments

Turn-key restaurant opportunity located on the busy UVA corner district. Non-disclosure agreement required. Priced reduced. Perfect as it is or change it to your own concept. Great landlord, long term lease in place at below market terms.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $200,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Two years left with two five year options remaining.
Mgmt/Training Support Description: Owner will stay on to train if needed.
Seller Financing Description: Some owner financing considered with a full price offer.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,514 74,632 89,555
Median Age: 25.42 31.8 33.48
Households: 8,624 29,474 35,422

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