Restaurant for Sale - High Profits

Richmond, VA (Richmond City County)

Seller Financing Available
Restaurant for Sale - High Profits

Asking Price:$499,000

Cash Flow:$250,000

Gross Revenue:$1,050,000

EBITDA:N/A

FF&E:$100,000

Inventory:$12,000

Lease Rate:N/A /SF

Established:1995

Restaurant for Sale - High Profits

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Business Description

Light & Raphael is pleased to offer for sale a restaurant in the Richmond, VA area. The restaurant offers excellent traditional American fare. It is family-owned and operated. The restaurant accepts reservations and is open daily. Catering is available upon request. It also offers takeout and pick-up dining options.

The restaurant staff is motivated and is expected to remain with the business after closing.

Financing is possible for a qualified buyer.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location is leased
Competition:
Restaurants are a driving force in Virginia’s economy. They provide jobs and build careers for thousands of people, and play a vital role in local communities throughout the state. There are roughly 15,000 eating and drinking establishments in the Commonwealth, accounting for 363,500 food service jobs in the state. And by 2026, that number is projected to grow by 12.2%. The estimated sales in Virginia restaurants in 2016 was $16.3 billion.
Support & Training:
Seller will provide support and training following the sale.
Reason for Selling:
Owner wishes to retire.

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Wayne Light

Business Listed By:
Wayne Light

Light & Raphael

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Sponsoring Broker:
Gavin Raphael

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