Well Known Richmond Restaurant for Sale

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Cash Flow:
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Business Description

This is a unique opportunity to own a landmark restaurant in historic Richmond, Virginia. Located in one of Richmond's trendiest historic districts, this restaurant has served customers for over 50 years. Offering only 2 daily meals, this restaurant has grown sales year after year, and is perfectly positioned to ride the wave of commercial and residential development in the area. With a simple but satisfying menu, low overhead, and established customer base, this is truly a turnkey opportunity for the aspiring restaurateur.

About the Business

Richmond city County, Virginia
Real Estate:
Building Sq. Ft.:
$5,000.00 Per Month
Location is leased. Buyer will need to craft a new lease with the landlord.
Market Outlook/
2018 was the ninth consecutive year of sales growth for the restaurant industry. Not surprisingly, it’s another year characterized by moderate growth. When you look at the industry’s compound annual growth rate since the association started tracking it in 1970, it’s a solid 6.4 percent.
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About the Sale

Reason For Selling:
Owner wishes to retire.
Owner will train buyer during an agreed upon transition period.

Listing Info

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Business Listed by

Gavin Raphael

Light & Raphael

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