Business Overview

This is an upscale/casual restaurant in the Northern Shenandoah Valley serving lunch and dinner Wednesday through Saturday and Brunch on Sundays. Wine and beer sold but no spirits. They also provide catering and wholesale services. The offerings are meant to be diverse and cater to all tastes and all income levels. Their atmosphere and customer service are far superior to other local establishments with somewhat similar concepts. They make everything on the menu from scratch and update their menus seasonally to maintain a fresh look for repeat customers.

Financial

  • Asking Price: $102,000
  • Cash Flow: $34,029
  • Gross Revenue: $667,172
  • EBITDA: N/A
  • FF&E: $35,000
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The location is great only 2 blocks from downtown, with the advantage of parking that downtown restaurants do not have. Building is roughly 2000 sq. ft. They can seat 40 inside and 40 outside of the restaurant weather permitting. There is a covered patio outside as well as a dog friendly seating area with 4 tables. 50 parking spots are available.

Is Support & Training Included:

Will train for 2 weeks @ $0 cost. An upscale/casual restaurant in the Northern Shenandoah Valley serving lunch and dinner Wednesday through Saturday and Brunch on Sundays. Wine and beer sold but no spirits. Other than a normal business license to do business in the City, no special licenses are required.

Purpose For Selling:

The overriding issues surround the health of the owner.

Pros and Cons:

They compete with a diverse group of restaurants and their clientele are those that are willing to pay more if they know they can expect a better product. They have found a way to compete with other restaurants in town by having the best burgers in town...sounds simple but having great burgers and homemade fries goes a long way. At the same time, they can compete with the upscale restaurants by having great, creative menu options that cater to a discerning palate, the best of both worlds. The menu options are diverse, skillfully prepared and the atmosphere is comfortable, and the service is top notch.

Opportunities and Growth:

This restaurant continues to move upward and were it not for the health of the present owner, there is no reason to think it will not keep going north. Their reputation is above reproach.

Additional Info

The business was started in 2017, making the business 5 years old.
The deal does include inventory valued at $5,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the real factor vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is very crucial that you not count totally on a vendor's word, yet rather, make use of the seller's answer along with your general due diligence. This will paint an extra sensible image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new customers? Often times, operating businesses have repeat consumers, which form the core of their everyday revenues. Certain variables such as brand-new competitors sprouting up around the area, roadway building, and personnel turn over can influence repeat clients and also negatively influence future incomes. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood median home income impact future revenue potential?