Italian Restaurant Established Over 40-years for Sale

Richmond, VA (Henrico County)

Italian Restaurant Established Over 40-years for Sale
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Asking Price: $600,000

Cash Flow: $250,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,500 /Month

Established: N/A

Italian Restaurant Established Over 40-years for Sale

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Business Description

Great Business in Strip Mall

50% Owner Financing Available for Qualified Buyers

6,000 sq. ft. Prime Restaurant Location: Dine-in, Carryout, and Catering

Liquor License with Full Bar Service

Total 250 Seating Capacity (approx.) includes a Large Patio Lounge Seating 50

A Great Party Venue for Families and Corporate Events

This is a golden opportunity to buy a highly profitable family-owned Italian restaurant for sale. The restaurant is very popular and is located in a busy destination shopping strip mall with lots of parking. The owner is retiring and the landlord will provide a 10-year lease at below-market rent. Annual sales are $1.2 million with a cash flow of approximately $250.000. The business is open 6-days a week. This is a turn-key opportunity with a huge potential. It will not last long. All interested prospects will need to sign a confidentiality form and be prepared to represent financial qualifications. All serious prospects are invited to Call Dave Nagar of CEO Business Brokers for additional information

Detailed Information

Location:
Richmond, VA
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
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(from currently available funds)
 
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Dave Nagar

Business Listed By:
Dave Nagar

CEO Business Brokers Inc.

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