Asking Price: $399,000 Gross Revenue: $1,100,000Cash Flow: $250,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $100,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Light & Raphael is pleased to offer a restaurant for sale in the Richmond area. The restaurant offers traditional American fare. The business has been family-owned and operated since it was established nearly 20 years ago. The restaurant does very little advertising. The majority of the business comes from word of mouth. The restaurant accepts reservations and is open daily. Catering is available upon request. It also offers takeout and pick-up dining options.
It is anticipated that the restaurant staff will remain with the business after closing.
SBA financing possible for a qualified buyer.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Yr.:
Location is leased
Growth & Expansion:
Restaurants are a driving force in Virginia’s economy. They provide jobs and build careers for thousands of people, and play a vital role in local communities throughout the state. There are roughly 15,000 eating and drinking establishments in the Commonwealth, accounting for 363,500 food service jobs in the state. And by 2026, that number is projected to grow by 12.2%. The estimated sales in Virginia restaurants in 2016 was $16.3 billion.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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