Restaurant for Sale - High Profits

VA

Seller Financing Available
Restaurant for Sale - High Profits
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Asking Price: $399,000

Cash Flow: $250,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $100,000

Inventory: $10,000*

Rent: $6,250 /Month

Established: N/A

*not included in asking price.

Restaurant for Sale - High Profits

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Business Description

Great Price! Earn $250,000 Annually

Light & Raphael is pleased to offer a restaurant for sale in the Richmond area. The restaurant offers traditional American fare. The business has been family-owned and operated since it was established nearly 20 years ago. 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. It also offers takeout and pick-up dining options.

It is anticipated that the restaurant staff will remain with the business after closing.
SBA financing possible for a qualified buyer.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location is leased
Growth & Expansion:
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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Gavin Raphael

Business Listed By:
Gavin Raphael

Light & Raphael

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