Restaurant Group for Sale in Richmond, Virginia

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Earn $500K Plus as Semi-Absentee Owner!
Asking Price:
$1,795,000

Gross Revenue:
$3,500,000
Cash Flow:
$550,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Light & Raphael is pleased to offer a restaurant group for sale in the Richmond area. The restaurant offers traditional American fare. 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. They also offer takeout and pick-up dining options.

This is a highly profitable business with processes and procedures in place for a business-minded buyer. The current owner works roughly 20 hours per week on payroll, bill paying, vendor management, etc. Excellent opportunity to earn a substantial living while working part-time overseeing a first-class business.

It is anticipated that the restaurant staff will remain with the business after closing.

SBA financing possible for a qualified buyer.

About the Business

Location:
Richmond, Virginia
Number of Employees:
75
Growth & Expansion:
Opportunity to roll-out additional locations.
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About the Sale

Reason For Selling:
Owner wishes to pursue other business interests.
Training/Support:
Seller will provide support and training following the sale.

Listing Info

ID:
1657340
Ad Detail Views:
0

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Business Listed by

Gavin Raphael

Light & Raphael

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