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Wv State Fairground,

LEWISBURG, WV 24901
  • $195,000
  • STATUS: Active
  • ON SITE: 254 Days
  • MLS #: 20-1126
UPDATED: 61 min ago
$195,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Ratings & Info

Description

REDUCED!!! Serious Income! Very Good Cap Rate & within 50% Cash Flow Rule! High Customer Traffic, Restaurant Building & Business located in WV State Fairgrounds, Value much higher than price. Well Established, Profitable, Turnkey, Very Clean, A/C, Includes: Building, Business, Trade Name, Equipment, Back Up Equipment, Supplies, Inventory, 3 Customer Seating Sections, Take Out Window, Full 2nd Floor Storage, Office/Sleeping Quarters, Owner offers Business Support. Great 1031 Exchange Opportunity. No Fear Effect by this Economy, Owner May Carry, Professional Kitchen includes: Grill, Flat, Convection Oven, Cold Prep Station, Warmers, Heat Lamps, Coolers, 4 Freezers, Cash Register, Camera Security System. Workers in place, Can open for other events & catering to expand revenue, Owner retiring,Continuous Yearly 1st Place Blue Ribbon Prize Winner. Repeat Workers in place for every year! Ready To Go! Customer Traffic Flow is extremely high. Its's Gross Income & Net Income is one of the Highest at the Event, if not the highest. Building located in the WV State Fairgrounds are rarely For Sale. This is a highly sought out location that does produce a large volume of repeat business in a very short period of time, and produces more income in the 10 days than a general restaurant does in a full year. There are numerous other major events that this operation could be open for, there is always an event going on. Could also be used as a base for Catering business, etc.. Due to our schedule, we choose only to be open during the WV state Fair Event. This is a very profitable, money-maker, with definite future potential of additional increased income. The system of this operation is so well organized, it practically runs itself, Owner willing to negotiate an Agreement to guide new Owner on first year. Documents can be provided on additional detailed information, Inventory List, I&E & Videos. Owner is Retiring. Buyer can take advantage of this investment to become a gainful asset.

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© 2022 Greenbrier Valley Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Greenbrier Real Estate Service. Data last updated: 2022-01-23T06:34:31.807.
www.greenbrierrealestateservice.com/homes/117159231
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Wv State Fairground, LEWISBURG, WV 24901

  • Price: $195,000
  • Status: Active
  • On Site: 254 Days
  • Updated: 61 min ago
  • MLS #: 20-1126
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1986
Built
Neighborhood:
Fort Spring District
County:
Greenbrier
Area:
Fort Spring District
Property Description
REDUCED!!! Serious Income! Very Good Cap Rate & within 50% Cash Flow Rule! High Customer Traffic, Restaurant Building & Business located in WV State Fairgrounds, Value much higher than price. Well Established, Profitable, Turnkey, Very Clean, A/C, Includes: Building, Business, Trade Name, Equipment, Back Up Equipment, Supplies, Inventory, 3 Customer Seating Sections, Take Out Window, Full 2nd Floor Storage, Office/Sleeping Quarters, Owner offers Business Support. Great 1031 Exchange Opportunity. No Fear Effect by this Economy, Owner May Carry, Professional Kitchen includes: Grill, Flat, Convection Oven, Cold Prep Station, Warmers, Heat Lamps, Coolers, 4 Freezers, Cash Register, Camera Security System. Workers in place, Can open for other events & catering to expand revenue, Owner retiring,Continuous Yearly 1st Place Blue Ribbon Prize Winner. Repeat Workers in place for every year! Ready To Go! Customer Traffic Flow is extremely high. Its's Gross Income & Net Income is one of the Highest at the Event, if not the highest. Building located in the WV State Fairgrounds are rarely For Sale. This is a highly sought out location that does produce a large volume of repeat business in a very short period of time, and produces more income in the 10 days than a general restaurant does in a full year. There are numerous other major events that this operation could be open for, there is always an event going on. Could also be used as a base for Catering business, etc.. Due to our schedule, we choose only to be open during the WV state Fair Event. This is a very profitable, money-maker, with definite future potential of additional increased income. The system of this operation is so well organized, it practically runs itself, Owner willing to negotiate an Agreement to guide new Owner on first year. Documents can be provided on additional detailed information, Inventory List, I&E & Videos. Owner is Retiring. Buyer can take advantage of this investment to become a gainful asset.
Exterior Features

Construction Type Site-Built (Stick) Exterior T-1 Foundation BlockConcrete Garage Type 0 Roofing Metal Roofing Age Of Roof 5 Years

Interior Features

Room Types Room Description1 Kitchen Room Types Room Description2 Office Room Types Room Description3 Storage Room Types Room Description4 Dining Areas Room Types Room Remark1 Commercial Room Types Room Remark2 2nd Floor Room Types Room Remark3 2nd Floor Room Types Room Remark4 3 Seating Areas Total Rooms 4 Utilities Air Conditioning Central Air

Property Features

Expenses Business Expense Per Request Expenses Electric Expense Per Request Expenses Insurance Expense Per Request Expenses Maintenance Expense Per Request Expenses Water Expense Per Request Miscellaneous Business Income Per Request Miscellaneous Current Use Restaurant Miscellaneous Net Income Per Request Miscellaneous Potential Operation Restaurant-Fair Style Restaurant Tax Year 2021 Taxes 102.00 Utilities Fuel Propane Utilities Sewer City Utilities Water City Zoning Commercial

Listing information © 2022 Greenbrier Valley Board of REALTORS®, Inc.
Listing provided courtesy of Theresa C Johnson of T C Johnson Realty.


© 2022 Greenbrier Valley Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Greenbrier Real Estate Service. Data last updated: 2022-01-23T06:34:31.807.
 
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Greenbrier Real Estate Service
1047 Washington Street East
Lewisburg WV, 24901