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Charming Italian And American Restaurant With Real Estate For Sale

Shenandoah Valley, Virginia
Asking Price:
$143,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$451,341 (USD)
Cash Flow:
$74,708 (USD)

Excellent opportunity to own an established and well-known Italian-American restaurant serving customers in Shenandoah County, VA for nearly 20 years. The owner and friendly staff take pride in serving top notch cuisine featuring many popular favourites in an inviting atmosphere. In addition to catering to locals and tourists, the restaurant is also located just off a major highway which brings in the travelling public looking for a quality meal.

The chef takes get pride in the classic Italian menu and the restaurant has great reviews on many popular dining review platforms. Loyal customers are drawn to the warm environment, high quality dishes, consistent service and value with many travelling from 20+ miles for regular visits. The excellent fare is complemented by a nice selection of wine and beers.

The main dining room is 2400 square feet and seats 80 people. A 585 square foot banquet room with seating for 32 guests is perfect for hosting parties, events, and groups. The kitchen is roughly 635 square feet and was renovated in 2004 with the refrigeration system upgraded in 2016. The kitchen equipment has been routinely upgraded as needed. Storage consists of a 100 square foot walk-in cooler, several freezer chests, and 1715 square feet of dry storage.

Please note, the restaurant owner also owns the building and is seeking to sell both the business and real property.

Property Information

Real Estate:

Real Property Included

Premises Details:

Landmark restaurant prominently located in a small town in a 2-story historic building.

Business Operation

Expansion Potential:

There is room to grow the business through several avenues. Outdoor seating could be added to increase the overall seating options. New marketing and advertising will attract more customers and promote the availability of carryout platters. The addition of a mixed beverage liquor license may increase profits.

Competition / Market:

Standard competition for the industry and market. This business has a great reputation and established customer base.

Reasons for selling:

Owner is retiring.

Employees:
10
Years established:
18

Other Information

Support & training:

Seller will provide necessary training and support.

Furniture / Fixtures value:
$40,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price

Contact Information

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