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Beautiful Mediterranean Grill Restaurant-Can Convert! for sale in Ashburn, VA

Ashburn, Virginia (VA)

Asking Price: Gross: Cash Flow:
$ 260,000 $ 335,000 Undisclosed

Furniture and Fixtures Value:
$ 650,000 (included in the asking price)

Business Summary:
Big, beautiful, clean, vibrant and modern restaurant including booth seating and beautiful wood furniture, 2 large beautiful bathrooms, large kitchen, 2 large screen TVs, plus authentic clay oven imported from India for baking bread. If the new tenant wants, they can also acquire some additional space next door to expand out the restaurant. Build-out construction & equipment cost was over $650,000, and all equipment is owned, not leased. Approximately $800k total revenue for past 2.5 years. Seating available outside as well. Little marketing done to promote the restaurant. Silver line metro to be completed in 2020. Located inside a mix use shopping area with 1,500 apartments! Don't miss it!

 

   
Year Business was Established: 2015
   
Number of Employees: 7  
   
Facilities / Terms of Lease: Sq. Ft. = 3005 (with sidewalk cafe outside). Current rent is approximately $10,000/mo. including triple net fees, and the base rent goes up by $200-300 each lease year (5% yearly escalation). Current rent expires in 2025 + 5 year option to renew (2030).  
   
Potential Growth/Expansion: Very possible by adding beer, wine & liquor to the menu.  
   
Competition: Prime location!  
   
Owner willing to finance: 10% seller financing over 1 year @ 6%.  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Poor health.  
   
Seller Reference Number: bm988625438
BusinessMart.com Listing Number: 228896
 

 

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For more info contact:

Omar Alhariri, CBI

DC Business Broker, Inc.
202-349-1682

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