Downtown Lexington Restaurant & Bar Offered At $395,000

Business Overview:

Offered at $395,000 - SBA pre-approved with lenders standing by! 2023 sales topped $619K, delivering earnings of $163,000 at this very popular Virginia Restaurant for Sale! Located in the heart of Lexington, it's been a favorite with locals and tourists alike for over 20 years, providing a contemporary dining experience including signature dishes with locally-sourced ingredients, and featuring one of downtown's most popular bar destinations. Historic ambiance, a winning menu, and a seasoned staff provide the recipe for a new owner/operator's success!Lexington's vibrant downtown hosts galleries, shops, boutique hotels and more, with streets steeped in history dating back to the 18th century. Besides the local clientele, the city is Immensely popular with history buffs, shopping enthusiasts, and wedding parties, and is host to both William and Lee University and Virginia Military Institute - providing a robust customer base at your doorstep! With seating for 65, the restaurant and adjoining bar area are often filled to capacity during evening dinner hours. Opportunities abound to increase revenue at this Restaurant for Sale by offering a lunch service, or by hosting private events, in-house catered dinners and tastings, or providing outside catering.This Restaurant for Sale offered by We Sell Restaurants has the capacity and flexibility to do it all! The huge, thoughtfully arranged kitchen is suitable for offering any menu, and includes a cooking line with 8 burner range, convection oven, fryer, flat top, grill, sandwich stations, pizza ovens, and more. Spacious prep areas, ample dry goods storage space, and numerous coolers and freezers round out the space. Check out the extensive equipment list and you'll discover everything needed to serve the current menu, or to add your own personal culinary touch if desired!With a very reasonable rent of $1,936 per month for this 2,800 square foot Restaurant for Sale, everything is in place to assume operations and make your dream of restaurant ownership a reality. Owner is willing to provide training and support! Just add your passion and drive and you have all the ingredients for successful restaurant ownership. Let the Restaurant Brokers at We Sell Restaurants show you how!By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

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Property Features and Assets:

Traulsen 30 inch freezerFrigidaire commercial ice cream freezerChest freezerLarge chest freezerNorlake walk-in refrigeratorTrue 52 inch reach in glass front 2 door refrigeratorTrue 39 inch reach in glass 2 door refrigeratorTrue sandwich refrigerator x3Turbo Air 60 inch salad prep sandwich refrigeratorTrue bar 4 keg coolerBar ice wellTrue bar beverage coolerBar wine coolerMantowoc ice makerMantowoc ice binCMA dishwasher with sink and tablesBerkel Inc slicerAmana microwaveWaring blenderRobot Coupe food processorRobot Coupe immersion blenderKitchen Aide Pro Line 7 Qt mixerVulcan 8 burner stove and rangeBlodgette double stacked pizza ovenBlodgette convection ovenVolrath 24 inch charbroilerStar 24 inch griddleFrymaster 50 lb fryerBerkel stand mixerAlto Shamm heated holding cabinet10 foot hood with fire suppression system3 compartment sinkDishwasherSoup wellScaleStainless steel prep tablesSheet pan racksMiscellaneous shelving14 tables44 chairs12 bar stoolsFlatwareSmallwareServing wareGlasses and stemwarePots pans cooking utensilsSound systemToast POS systemSafeCopy machineHigh chairsBooster seatsMiscellaneous decorTrash receptaclesSignageHostess stand

Market Competition and Expansion:

Ideally situated on busy main street, affordable, varied menu, go-to downtown bar.

Reason for Selling:

Personal

Additional Details:

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