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Restaurant Group for Sale in Richmond, Virginia

Richmond, VA (Henrico County)

Seller Financing Available
Restaurant Group for Sale in Richmond, Virginia
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Asking Price: $1,675,000

Cash Flow: $550,000

Gross Revenue: $3,500,000

EBITDA: N/A

FF&E: $200,000

Inventory: $15,000*

Established: N/A

*not included in asking price.

Restaurant Group for Sale in Richmond, Virginia

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Business Description

Awesome Profits! Make a Killing as Semi-Absentee Owner!

Light & Raphael is pleased to offer a restaurant group for sale in the Richmond area. The restaurant offers traditional American fare. The restaurant does very little advertising. The majority of the business comes from word of mouth. The restaurant accepts reservations and is open daily. Catering is available upon request. They also offer takeout and pick-up dining options.

This is a highly profitable business with processes and procedures in place for a business-minded buyer. The current owner works roughly 20 hours per week on payroll, bill paying, vendor management, etc. Excellent opportunity to earn a substantial living while working part-time overseeing a first-class business.

It is anticipated that the restaurant staff will remain with the business after closing.

SBA financing possible for a qualified buyer.

Detailed Information

Location:
Richmond, VA
Inventory:
Not included in asking price
Employees:
75
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Opportunity to roll-out additional locations.
Support & Training:
Seller will provide support and training following the sale.
Reason for Selling:
Owner wishes to pursue other business interests.
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Gavin Raphael

Business Listed By:
Gavin Raphael

Light & Raphael

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