Diner/Restaurant With or Without Real Estate
Charles Town,, West Virginia
Asking Price: |
Gross: |
Cash Flow: |
$850,000 |
$1,680,000 |
Undisclosed |
Furniture and Fixtures Value:
$525,000 (included in the asking price)
Inventory Value:
$30,000 (included in the asking price)
Real Estate:
$2,300,000 ( not included in the asking price)
Business Summary:
Beautiful Diner/Restaurant located in Charles Town, WV. Very Busy, and in Excellent Location. With Strong Revenues, and Great Potential for Growth for a Hands on Owner Operator. With Seating Capacity up to 300, and nice outdoor patio seating also. They are currently open from 6:00 AM till 3:00 PM, but prior to the Pandemic they were open until 11:00 PM or 12:00 AM depending on the day of the week and how busy they were. Before that they were actually open 24 Hours a Day, and the new owner could go back to either of the extended hours buy simply hiring additional staff. Staying open till around Midnight would generate approximately $40,000 to $50,000 in additional Revenues per month, and staying open 24 Hours a Day could earn and Additional $500,000 in Gross Revenues Annually. A Family owned business, which doesn't currently hold a Liquor License. Adding Beer, Wine, and Liquor would also Greatly Increase Gross Revenues. Seller is ready to Retire, and has priced the business to sell quickly. The seller/owner will Sell just the Business or the Business and the Real Estate. THE PRICE TO PURCHASE THE REAL ESTATE IS $2,300,000, THAT PRICE DOES NOT INCLUDE THE BUSINESS, IT IS IN ADDITION TO THE PRICE OF THE BUSINESS. This is an Outstanding Opportunity for the right buyer. Being a fully involved hands on Owner Operator and hiring the needed additional staff would help put this business over the top.
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Year
Business was Established: 2003 |
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Number of Employees:
45 |
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Facilities / Terms of Lease:
8,000 Square Feet. If the Property is not purchased, the Total Monthly Rent would be $14,000 plus Insurance & Property Taxes. Lease Term is Negotiable. |
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Potential
Growth/Expansion:
Being a Full Time Owner Operator, along with hiring Additional Staff to open Extended Hours, and possibly 24 Hours a Day, and adding a Liquor License. |
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Competition:
No Similar Business Competition in the Area. |
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Owner
willing to finance:
Negotiable |
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Owner
willing to train:
Seller will give 2 weeks of Training/Transition as Needed |
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Reason for selling:
Retirement |
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REQUEST MORE INFO |
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