Exceptional Fine Dining Restaurant in Richmond's West End For Sale

Henrico County, VA

Exceptional Fine Dining Restaurant in Richmond's West End For Sale

Asking Price:$399,000

Cash Flow:$171,347

Gross Revenue:$911,905

EBITDA:N/A

FF&E:$166,031

Inventory:$14,900

Established:2003

Exceptional Fine Dining Restaurant in Richmond's West End For Sale

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Business Description

Profitable turn-key restaurant with discriminating clientelle

This local fine-dining establishment has become a landmark in Richmond's West End. With a long-tenured kitchen and wait staff, it is known for creative culinary creations and exceptional service. The restaurant is only open for dinner and serves contemporary American and European fare. The food is award-winning and has been featured in several magazines. Restaurant has a full liquor license and alcohol accounts for only 27% of sales. This is a great opportunity for the right buyer to build upon a well established business with a stellar reputation in this very active market.

Detailed Information

Inventory:
Included in asking price
Employees:
10 FT/4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Attractive, stand alone building adjacent to an active shopping center along a main thoroughfare in Richmond's West End. Facility is perfectly suited for use including a large, fully-equipped kitchen, a main dining area, a bar and two private dining rooms. Two years left on current triple net lease, with one more 7-year option.
Competition:
Local fine dining landmark competes against the big chains in Richmond's West End.
Growth & Expansion:
Currently offering only 5 meals per week, there is an opportunity to expand offerings. Current owner relies almost entirely on word-of-mouth advertising and hosts very few private events. These areas provide ample growth opportunity to take the business to the next level.
Financing:
Lender pre-screened w/$79,800 Down. Lender pre-qualified for a qualified buyer.
Support & Training:
Will train for 2 weeks @ no cost. Business License, ABC License.
Reason for Selling:
Owner is retiring.

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Michael Metzger, CBI

Business Listed By:
Michael Metzger, CBI

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


Sponsoring Broker:
Murphy Business

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