Restaurant & Bar with Real Estate in the VA Highlands Just $395,000

Covington, VA
listing image
Asking Price:$395,000
Established Year:1980
Gross Revenue:$203,000
BUSINESS DESCRIPTION

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This Restaurant & Bar with Real Estate is a Western Highlands favorite, serving customers for over 45 years in the same location! Uniquely themed, it has received a full renovation by the current owner, and is ready for a new owner/operator to take the reins in 2025. Owning the real estate provides financial stability and the opportunity to build equity while growing your business. And, this restaurant includes a second floor, three bedroom apartment for use by the owner or chef/manager, or to rent out for additional income!
Why begin from scratch with an expensive buildout when this turnkey Restaurant & Bar with Real Estate is fully equipped for you to start earning immediately! Everything needed to serve the current steak and seafood menu, or to add your own culinary touch, is in place - hood, oven, grill top, fryers, fridges, freezers and more. There's seating for up to 80 patrons, as well as an inviting bar and social area. Architectural and design details, antique and vintage artwork, and other aesthetic touches are located throughout the establishment, evoking the rich history of the restaurant and region. Located amidst the Allegheny Mountains, with their unspoiled vistas and outdoor receational opportunities, this restaurant is ideally situated to capitalize on both local and tourist/traveler traffic. This is a true turnkey opportunity to own your own business with valuable real estate, so inquire now to receive more information!
Your We Sell Restaurants Certified Restaurant Broker is here to help with every step of the purchase process. We have partnerships with lenders offering both secured and unsecured loans, allowing buyers with good credit to rapidly qualify for financing and to realize their dream of restaurant ownership. Start the new year with a bang and be your own boss!
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DETAILED INFORMATION
Location
Covington, VA
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,400
Employees
7
Facilities
Four burner oven with grill top Grill Hood 6 foot Freezers x2 Coolers x3 Fryer 2 basket Toastmaster warmer Three compartment sink Dish sink Dish washer Broiler Microwaves x2 Stainless worktop Wire storage racks Miscellaneous shelving Heat lamp Tea urns x2 Salad bar Coffee machine BAr with eight tap keg Bar coolers x2 Bar sink Mini split TV monitors x2 Bar stools x8 High top table with two stools Hostess stand Tables x18 Chairs x68 Bluetooth mixer amplifier Clover POS with three units and one register Miscellaneous themed decor Antique pony ride Cookware pots pans Serving ware Bar ware
Competition
Unique dining experience in local area, well established with name recognition, comes with 3-bedroom apartment on over three acres
Growth & Expansion
Expand dining hours and/or days of operation
Support & Training
Negotiable
Reason for Selling
Personal
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Don
Williams
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Don Williams