Business Overview

Profitable restaurant for sale in Fauquier County. This restaurant has been a favorite to all the locals in the surrounding demographics. Serving breakfast, lunch and dinner. The menu consists of breakfast platters, omelets, pancakes and French toast to burgers, sandwiches, soups & salads. This restaurant also has a full service bar. The current owner has been in business for almost 10 years and is now ready to retire. We are looking for a new owner to take this turn key restaurant to the next level. Very cheap rent. Outdoor seating!

Price: $285,000
Sales: $350,000
Cash Flow: $120,000
Rent: $2,000
Size: 1,100sf
Term: 5 years with 5 year option
Seats: 80 including outdoor
Employees: 6
Established: 2013

Financial

  • Asking Price: $285,000
  • Cash Flow: $120,000
  • Gross Revenue: $350,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2013

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
Purpose For Selling:

Retire

Additional Info

The venture was started in 2013, making the business 9 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. However, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is extremely crucial that you not depend entirely on a vendor's word, but instead, use the seller's solution along with your total due diligence. This will repaint a more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new customers? Often times, businesses have repeat customers, which create the core of their daily earnings. Certain aspects such as new competition growing up around the area, road building, as well as personnel turnover can affect repeat clients as well as adversely affect future earnings. One important thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the higher the chance to develop a returning client base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood average house earnings influence future income potential?