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



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

Richmond, VA
Real Estate:
Building SF:
Lease Expiration:
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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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