76473_JM Established Seafood Restaurant & Bar in Petersburg VA

Petersburg, VA (Petersburg City County)

76473_JM Established Seafood Restaurant & Bar in Petersburg VA

Asking Price:$275,000

Cash Flow:$120,000

Gross Revenue:$495,000

EBITDA:N/A

FF&E:$350,000

Inventory:$25,000

Lease Rate:N/A /SF

Established:1985

76473_JM Established Seafood Restaurant & Bar in Petersburg VA

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Business Description

Long time established family seafood restaurant and bar. The restaurant is family friendly and has a long established loyal following.
The restaurant is family owned and operated.
The reason for selling is that the seller wants to retire.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business hours of operation are Monday to Sunday 11am-10pm . It is a leased building.
Competition:
There are large competitors in Richmond, but very few seafood restaurants in Petersburg.
Growth & Expansion:
Great opportunity to add more insurance menu options and live music. Also seller will provide four weeks of training at no cost to buyer.
Support & Training:
2 weeks
Reason for Selling:
retiring

Listing Statistics for Premium Members

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Frank Maloney

Business Listed By:
Frank Maloney

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:
Transworld Business Advisors CEO, Rupesh Bharad

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