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: |
$150,000 (Annual) |
| Cash Flow Type: |
EBITDA |
| Relocatable Business: |
Yes |
| Last Updated: |
3/19/2020 |
Overview / Comments
|
Turn-key restaurant opportunity located on the busy UVA corner district. Non-disclosure agreement required. Priced reduced. Perfect as it is or change it to your own concept. Great landlord, long term lease in place at below market terms.
|
Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Owner retiring |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$200,000 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$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. |
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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