Well Known Richmond Restaurant for Sale

Contact Seller
Asking Price:
$249,000

Gross Revenue:
$580,000
Cash Flow:
$110,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$25,000
included in asking price

Share this business:

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

Location:
Richmond city County, Virginia
Real Estate:
Leased
Building Sq. Ft.:
3,200
Rent:
$5,000.00 Per Month
Facilities:
Location is leased. Buyer will need to craft a new lease with the landlord.
Market Outlook/
Competition:
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.
Contact the Seller

About the Sale

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

Listing Info

ID:
1642255
Ad Detail Views:
728

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Gavin Raphael

Light & Raphael

 Show Phone Number

View My 25 Active Listings

Similar Listings


Report an Issue 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 & Conditions.