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Family Style Restaurant
Location: United States -> Virginia -> Danville
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This business is an established, successful, and very well-known family restaurant located in South Central, Virginia. Its menu includes home-cooked family meals served at breakfast, lunch, and dinner. The quality of the food has established a steady, loyal customer base. The attractive, stand-alone restaurant is 3,280 square feet and seats 100. The business has made money since its inception, and offers a new owner an excellent opportunity to own his own business and have a great quality of life in a wonderful Central Virginia City!

HISTORY: The restaurant was established over fifty years ago and was an immediate success. It has an amazing amount of customer traffic, and a high level of repeat business. Home cooked meals at reasonable prices are the cornerstones of its success. There are also many opportunities for a new owner to increase revenues including expanded dining hours, and the addition of catering and delivery services.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,027,441
Cash Flow:   $106,455
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $44,395
Seller Financing:  Not Disclosed

About The Business

Year Established:  1963
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will train for 30 days at no charge
Reason For Selling:  Retirement




Print Listing Id: 700236652
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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