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Businesses For Sale > Business For Sale in Charles Town,, West Virginia (WV)

Diner/Restaurant With or Without Real Estate for sale in Charles Town,, WV

Charles Town,, West Virginia (WV)

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.

 

   
Year Business was Established: 2003
   
Number of Employees: 45  
   
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.  
   
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.  
   
Competition: No Similar Business Competition in the Area.  
   
Owner willing to finance: Negotiable  
   
Owner willing to train: Seller will give 2 weeks of Training/Transition as Needed  
   
Reason for selling: Retirement  
   
Seller Reference Number: GSRSR142
BusinessMart.com Listing Number: 283703
 

 

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For more info contact:

Gary S. Russell

G.S.Russell Business Brokers and Advisors
571-221-7633

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