Turnkey, Award-Winning Restaurant for Sale in Virginia

Asking Price$489,000

Cash Flow
$128,131
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,068,888

Inventory$1,500
Included in asking price
FF&E$60,000
Included in asking price
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Turnkey, Award-Winning Restaurant for Sale in Virginia


Asking Price$489,000

Cash Flow
$128,131
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,068,888

Inventory$1,500
Included in asking price
FF&E$60,000
Included in asking price
Business Description
Looking for an award winning, turnkey restaurant with a long standing history and the best food and drinks south of Richmond? The opportunity of a lifetime has arrived that you won't want to miss!

This semi-absentee owned restaurant has been a local favorite for over a decade. With a robust social media presence and countless outstanding Google reviews, it continues to maintain a positive reputation. With an established and loyal customer base and staff, this beloved restaurant has seen steady growth over the years.

The current owner has done a fantastic job cultivating a warm, inviting atmosphere that attracts a stream of both new patrons and loyal regulars.

The sale includes all furniture, equipment, and appliances, and the owner is committed to ensuring a smooth transition.

This is a fantastic opportunity to take over a thriving business with a stellar reputation and abundant potential for growth. Whether you're an experienced restaurateur or a budding entrepreneur, this beloved restaurant is poised for its next chapter! For additional information please contact listing agent Proctor Trivette at (804) 965-4460 or proctor.trivette@fcbb.com
About the Business
Years in Operation
11
Employees
22
Facilities & Assets
This is a leased location of 3,440 square feet with a Total monthly rent of $2,425. Lease ends month to month. Seller is active with 9 FT and 13 PT employees. Hours of operation are 11am -10pm Wed & Thur, 11am - 12am Fri, 9 am - 12am Sat, and 9am- 1 PM Sun, Wednesday - Sunday. $1,500 in inventory and $60,000 in FF&E included in the asking price. $50,000 made in leasehold improvements. Other Assets include Patio, built and installed kitchen, new toilets, walk-in cooler refurbished, HVAC system refurbished, built and upgraded behind bar. ABC License, City
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,440
Rent
$2,425.00 per month
About the Sale
Seller Motivation
Moving to be Closer to Family
Transition Support
2 Weeks
Listing Info
ID
2323493
Listing Views
733

Contact Seller

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Business Listed by: Proctor Trivette https://businessforsaleinrichmondva.com/

Listing ID: 2323493 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 full Terms of Use. Learn how to avoid scams.


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