Business Description
Before you is an incredible opportunity to purchase a neighborhood institution with an outstanding reputation and an extensive menu of Italian and American flair with fresh specials, made-to-order entrees, spectacular pizzas, subs, calzones, pastas and much more.
The Restaurant is in the Blacksburg-Christiansburg metro area, VA. It is a legacy in the community with 4.7 stars on Facebook, 4.6 stars on Google, and 4.5 starts on both Yelp and Tripadvisor. The children it served in the early years now bring their grandchildren.
The Restaurant is actively involved in the community by
participating in school events and sports teams, and local events over the decades. The community rallied behind the Restaurant during the pandemic with an enormous to-go presence. It had the largest to-go business in the area.
Restaurant offers lunch, dinner, and pickup catering options. There’s incredible room for growth by expanding the catering business, extending hours, and getting creative with social media.
Business was strong and solid during the pandemic and rebounded to $1,856,287 in 2021. Revenue increased 23% in 2022 to $2,281,751. It increased another 53% in 2023 to $3,483,679.
The Seller’s decision to retire after 3 decades is a boon for the Buyer. It’s not often an established, community-loved, profitable restaurant comes available. Don’t wait.
Investment Highlights
– Over 1,000 5-star reviews
– $150,000 in Assets
– In the heart of downtown
– Draws families, couples, business people, and
from 2 universities in the area
– Closed one day a week
– Hosts family reunions, baby showers,
bachelor(ette) parties, business meetings, etc.
Asking Price: $1,300,000
2023 Gross Sales: $3,483,679 2023
Sellers Discretionary Earnings(SDE): $552,920 2022
Gross Sales: $2,281,751 2022
Sellers DiscretionaryEarnings(SDE): $483,749
Location: Blacksburg, VA
Inventory: Included in asking price
Employees: 33
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 6,500 sq. ft. $4,200 / month
Lease: 3 years remain 5-year option to renew.
The Restaurant is 6,500 sq. ft. with plenty of parking. The space includes a beautifully styled dining room, expansive kitchen, and two banquet rooms serving 50 and 30 guests. The property leases for $4,200 per month. The Seller raves about the landlord and how quickly they respond. There are 3 years left to the lease with an option for another 5-year lease. The Seller has been paying rent twice a year in Jan. and June. The rent is paid through the end of Dec. 2022.
Competition:Typical Competition
Growth & Expansion: There’s incredible room for growth by expanding the catering business, extending hours, and getting creative with social media.
Support & Training: Negotiated and as needed
Reason for Selling: Owner Retiring
