Profitable, Popular, Full Service Waterfront Restaurant for sale

Richmond, VA (Henrico County)

Seller Financing Available
Profitable, Popular, Full Service Waterfront Restaurant for sale
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Asking Price: $380,000

Cash Flow: $200,000

Gross Revenue: $1,630,000

EBITDA: N/A

FF&E: $200,000

Inventory: $10,000

Established: 2009

Profitable, Popular, Full Service Waterfront Restaurant for sale

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Business Description

Full-service themed restaurant with great food, great views, entertainment and a popular bar on the river. Profitable with good books and records. Motivated seller is ready to retire. This is a turnkey business opportunity.

A new owner should not experience any downtime in the transition of ownership as the seller is providing onsite training and transition support. PRICE HAS BEEN REDUCED FROM 425K TO 380K FOR A CLOSING PRIOR TO MARCH 1, 2019.

Detailed Information

Inventory:
Included in asking price
Employees:
4 FTE, 15 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,400 sq. ft. leased space
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement
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Contact the Seller

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Charles Broadwater

Business Listed By:
Charles Broadwater

Sunbelt Business Brokers / Broadstone Capital LLC.

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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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