Richmond VA Profitable, Turn Key, Absentee Pizza & Sub Restaurant

Chester, VA (Chesterfield County)

Seller Financing Available
Richmond VA Profitable, Turn Key, Absentee Pizza & Sub Restaurant
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Asking Price: Get Financing: $315,000

Cash Flow: $158,330

Gross Revenue: $633,321

EBITDA: N/A

FF&E: $100,000

Inventory: $5,500

Lease Rate: $2,098 /Month

Established: 2011

Richmond VA Profitable, Turn Key, Absentee Pizza & Sub Restaurant

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Business Description

Richmond VA Profitable, Turn Key, Absentee Pizza & Sub Restaurant

This Richmond VA Pizza and Sub restaurant has been at the same location since 2011. Current owner has been running this business since 2014. It is a very profitable operation and is truly a semi-owner absentee business model. It is a full- service Pizza & Sub restaurant and it’s best known for its food quality and its insistence on only using high quality fresh ingredients. It offers exceptional quality and tasty Pizza and Italian cuisine in which drives business evenly through dine-in, pick-up and delivery. It becomes an iconic restaurant in the area with even very little marketing and advertising. It is an exceptional acquisition opportunity.

Key Investment Considerations:

• $633,000+ in annual sales 2017 with growth potential.
• $158,000+ in Seller Discretionary Earning in 2017.
• Particular location has been in business under the same ownership for 4 years.
• Staff in place allows for semi-absentee ownership if desired.
• This restaurant is a cornerstone in the Chesterfield community and has been recognized for its outstanding food quality, excellent service and friendly staff.
• This restaurant provides all around dine-in, pick-up and delivery service.
• Full Time Manager in place and owner only visits location once a month
• $45,000 Renovation of restaurant and new POS System finished by September, 2018
• Seller will prove financial in person with sales report provided

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Newly Renovated in September, 2018
Financing:
157500.00
Support & Training:
2 weeks
Reason for Selling:
other interests
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Steve Sigman

Business Listed By:
Steve Sigman

Transworld Business Advisors

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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.

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