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Posted February 28, 2014 | Leave a comment
Southern Kitchen for sale
By Ryan Cornell
NEW MARKET -- One of the oldest family-run restaurants in the Shenandoah Valley is on the market.
The Southern Kitchen, a New Market diner famous for its peanut soup, fried chicken and 1950s-style atmosphere, has remained in the Newland family for nearly 60 years.
The restaurant was built in 1955 by Lloyd and Ruby Newland and purchased by their son and daughter-in-law, Randy and Rebecca Newland, in 2005.
Since then, owner Randy Newland, 60, said they've updated the S. Congress Street landmark into the "best physical shape it could possibly be in."
According to Edwin Newland, owner and broker of Home-Land Realty, the 9,600-square-foot building is listed for $1.4 million. He said the Southern Kitchen contains two dining rooms that can seat about 150 guests, and a basement banquet room with space for 100 guests. It has been on the market for about three weeks, he said.
Currently, the restaurant has about 40 employees.
Randy Newland said he isn't retiring. He said he and his wife decided to sell the business because they felt this was the right time to pursue other ventures.
"The market's in an upswing, the kitchen is in primo condition, physically and financially, and this is an opportunity for someone who wants to get into the restaurant business to buy a 59-year-old legacy of an original diner," he said.
For more information, contact Edwin Newland at 540-740-3176.
Contact staff writer Ryan Cornell at 540-465-5137 ext. 164, or firstname.lastname@example.org
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