Turnkey Fast Casual Cheesesteak Restaurant for Sale
Business Description
This turnkey, fast casual restaurant opportunity is available for acquisition in an affluent, high traffic suburban Richmond submarket. Currently operating as a well known national franchise concept specializing in grilled cheesesteaks, wings, and related menu items, the business is being offered as an asset sale, giving a buyer flexibility to either continue operating under the existing franchise brand, subject to franchisor approval, or transition the location to an independent concept or different brand entirely.
The sale includes all restaurant equipment, fixtures, and furnishings currently in place, allowing a new owner to step in without the cost or downtime of a full buildout. The existing, trained staff are in place and expected to remain through the transition, providing operational continuity from day one. The location benefits from a favorable lease with room remaining on the term as well as renewal options, and the buyer will have the opportunity to assume this lease directly, securing a well positioned space inside a busy corporate office center with an established outdoor patio and steady surrounding demand from both the office workforce and area residents.
The current ownership is selling for personal reasons unrelated to the performance or potential of the business, and is not able to remain hands on due to relocation out of state. This presents a rare opportunity for a hands-on buyer to acquire a fully equipped, staffed, and operational restaurant in a strong location, with the flexibility to keep, modify, or rebrand the concept going forward.
The sale includes all restaurant equipment, fixtures, and furnishings currently in place, allowing a new owner to step in without the cost or downtime of a full buildout. The existing, trained staff are in place and expected to remain through the transition, providing operational continuity from day one. The location benefits from a favorable lease with room remaining on the term as well as renewal options, and the buyer will have the opportunity to assume this lease directly, securing a well positioned space inside a busy corporate office center with an established outdoor patio and steady surrounding demand from both the office workforce and area residents.
The current ownership is selling for personal reasons unrelated to the performance or potential of the business, and is not able to remain hands on due to relocation out of state. This presents a rare opportunity for a hands-on buyer to acquire a fully equipped, staffed, and operational restaurant in a strong location, with the flexibility to keep, modify, or rebrand the concept going forward.
About the Business
- Years in Operation
- 3
- Employees
- 8 (6 Full-time, 2 Part-time)
- Facilities & Assets
- This is a leased location of 2,338 square feet with a Total monthly rent of $7,443. Lease ends 04/2030 with 3 Options, 5 Years. Seller is not active however the seller has 6 FT and 2 PT employees. Hours of operation are Monday thru Saturday 10-10 and Sunday 10 - 9. $15,000 in inventory and $200,000 in FF&E included in the asking price. $375,000 made in leasehold improvements. Business License and Health License required.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,338
- Rent
- $7,443 per month
- Lease Expiration
- 4/30/2030
About the Sale
- Seller Motivation
- Current ownership is selling for personal reasons
Listing Info
- ID
- 2553544
- Listing Views
Listing ID: 2553544 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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