Richmond VA Profitable, Turn Key, Absentee Pizza & Sub Restaurant

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Richmond VA Profitable, Turn Key, Absentee Pizza & Sub Restaurant
Asking Price:
$295,000

Gross Revenue:
$601,775
Cash Flow:
$127,099
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,500
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

This Richmond VA Pizza and Sub restaurant has been at the same location since 2011. Current owner has been running this business since 2014. It is a very profitable operation and is truly a semi-owner absentee business model. It is a full- service Pizza & Sub restaurant and it’s best known for its food quality and its insistence on only using high quality fresh ingredients. It offers exceptional quality and tasty Pizza and Italian cuisine in which drives business evenly through dine-in, pick-up and delivery. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.

Key Investment Considerations:

• $601,775 in annual sales 2018 with growth potential.
• $127,099 in Seller Discretionary Earning in 2018.
• Particular location has been in business under the same ownership for 4 years.
• Staff in place allows for semi-absentee ownership if desired.
• This restaurant is a cornerstone in the Chesterfield community and has been recognized for its outstanding food quality, excellent service and friendly staff.
• This restaurant provides all around dine-in, pick-up and delivery service.
• Full Time Manager in place and owner only visits location once a month
• $45,000 Renovation of restaurant and new POS System finished by September, 2018
• Seller will prove financial in person with sales report provided

About the Business

Location:
Chester, Virginia
Year Established:
2011
Number of Employees:
17
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$2,098.00 Per Month
Facilities:
Newly Renovated in September, 2018
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About the Sale

Reason For Selling:
other interests
Training/Support:
2 weeks
Seller Financing:
157500.00

Listing Info

ID:
1553964
Ad Detail Views:
367

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Business Listed by

Carven Cheung

Transworld Business Advisors

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Sponsoring Broker:

Steve Sigman
Transworld Business Advisors


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