30 Yr. Highly Profitable, Fully Staffed, Destination Restaurant

Business
  • Listing# : 15174
  • Listed Price : $595,000
  • Total Sales : $1,814,376
  • SIC : 5812
  • Down Payment : $119,000
  • Status : Active
  • Discretionary Earnings : $278,695

Business Type :

Restaurants / Full-Service Restaurants, Restaurants / American Restaurant

Business Description :

**Highly Acclaimed, Premier Restaurant – 30+ years**

DC/Northern VA Metro Area 

  • The average gross revenue for the last 5 years is $1.6 million.
  • Excellent cash flow.  Food cost this year is 29%.
  • Furniture, fixture, equipment -- $200,000 fair market value with recent upgrades.
  • Lease is under 6%.
  • Very experienced Management Team.  The owner has been semi-retired.
  • Pre-approved SBA financing.
  • Seller financing for qualified buyer towards the equity requirement.
  • Net equity required for a qualified buyer, with pre-approved SBA financing and with seller financing, is $70,000 (estimated) to purchase the business.
  • Owner is retiring.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $40,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $200,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $50,000
    • Incl : Yes
    • Total Assets $290,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Restaurants