Italian/Greek/American Family Restaurant

Business Overview:

Italian/Greek/American Family Restaurant - Rent just lowered!!!

For experienced restaurant operators seeking a fantastic business opportunity in Fairfax County, VA, this established restaurant is a gem you don’t want to miss. With a rich history it has created a loyal customer base over the decades. Under new ownership since the end of 2019, the restaurant started out strong in the early months of 2020. When the pandemic hit, the new ownership adapted swiftly, pivoting to a carry-out heavy model to meet the needs of the community.

Recently, they’ve infused fresh energy into the place by blending Latin and Greek cuisines, offering a unique culinary experience that has been met with rave reviews. Additionally, the atmosphere has been enhanced with the addition of a full-service bar, offering an array of cocktails, wines, and spirits to complement the flavorful dishes. Rent was recently reduced to better reflect the market rates..

This restaurant offers a unique blend of established success and exciting new potential. For the seasoned restaurateur, this is a fantastic opportunity to own a beloved local business with a bright future.

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Property Features and Assets:

Monthly Rent: $15,800.00

Square Units (Foot, Meter): 2,550

Lease Expiration Date: October 30, 2026, 9:00:00 PM

Terms Options: Negotiable

Facilities:Booth seating with a mix of tables, side dining area for parties or separate events, galley style kitchen with built-in cooler. NG burners, cooktop and ovens.

Market Competition and Expansion:

Expansion: Sales are growing in FY2024. Addition of liquor sales, musical events twice a week, and family brunch are generating interest and sell-out customer seating for events.

Competition: Lease agreement will need to be re-negotiated by a new owner. Current lease is 33% higher than surrounding tenants due to lease being signed at the height of the CRE market.

Reason for Selling:

Additional Details:

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