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Asking Price$165,000
Revenue$619,031 Established2007
Cash Flow$119,852 Employees5 full, 3 part
FF&E$75,000* FranchiseNo
Inventory$12,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Incredible opportunity to own a modern, well appointed restaurant in the heart of Fairfax. The restaurant’s ambiance and staff allows their very loyal customers to relax and enjoy great food and drinks! The restaurant seats 60 with an open dining room as well as a small private room to host meetings and events. The location is great with lots of drive by and foot traffic! The restaurant is surrounded by affluent residential communities and a bustling business area, which provides for great lunch business and catering opportunities. The restaurant was recently lauded for its “impeccable food” in late 2015 by the Washington Post, has received several OpenTable dining awards in recent years and was rated by Zagat as one of DC’s Best Upscale Italian Restaurants. Ample parking, a convenient location, and a long standing commitment to quality have made the restaurant a dining destination and a local favorite that presents a tremendous opportunity for a budding or established restaurateur. There is parking in the rear of the building and free public parking just a short walk away. With such a great reputation and location, why sell? The owners have another restaurant in a non-competing market and would like to focus on just one location. They are looking to sell to someone that will continue on what they have built, but there are no restrictions, so the space can be converted to a new concept. This is every restaurateur’s dream, make it your reality! Don’t let this opportunity pass you by as it is in a highly desirable area and is priced to sell!
Facilities:The 2500 sq ft restaurant is located in the heart of Fairfax on a major highway with great visibility. The inside was renovated when the current owner bought it in 2007 with a very modern design that will cater to virtually any full service dining concept. The restaurant is fully equipped and has a dining capacity of 60 inside and a small outdoor patio. The restaurant has a nice size dining area with one room that can be used to host private meetings and events. There is some designated parking in the rear of the building with free public parking just a short walk away.
Competition:There is standard restaurant competition for the industry, but this is a fine dining restaurant that has great reviews and very well known in the community.
Growth Potential:There is great room for growth by expanding the menu and business hours. The restaurant has a great reputation for catering services but has cut back over the past year or so solely due to the schedules of the owners so this is a part of the business than can be grown easily as there is already a customer base and demand.
Training/Support:Seller will offer necessary training and support.
Seller Financing:Available depending on final purchase price, terms and qualifications of buyer.
Sale Reason:Seller owns another restaurant in a non-competing market and wants to focus on one business.
Ad #80042
Seller Reference #HZ246DZ
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Horizon Business Brokers, LLC
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