SBA Lender Pre-approved Profitable Richmond Pizza and Sub Restaurant

Chesterfield County, VA

Seller Financing Available
SBA Lender Pre-approved Profitable Richmond Pizza and Sub Restaurant
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Asking Price: $580,000

Cash Flow: $258,959

Gross Revenue: $966,842

EBITDA: N/A

FF&E: $150,000

Inventory: $5,000

Rent: $3,300 /Month

Established: N/A

SBA Lender Pre-approved Profitable Richmond Pizza and Sub Restaurant

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Business Description

SBA Lender Pre-approved Status!!! Rare opportunity!!! Very Profitable!!!

Key Investment Considerations:

SBA Lender Pre-approved. Qualified and experienced restaurateur can get into this business with as little as $75,000 cash.

• Average of $966,842 in annual sales 2017 & 2018 with growth potential.
• Average of $258,959 in Seller Discretionary Earning in 2017 & 2018.
• Particular location has been in business under the same ownership for 13 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.
• Renovation of restaurant finished in 2017
• Seller will prove financial in person with sales report provided
• Paychecks handle payroll and no employee benefits
• Wine and beer license is for on premise only.

BACKGROUND

This Richmond VA Pizza and Sub restaurant has been at the same location for13 years. It is a very profitable operation and owner is currently working about 30 hours per week. 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.

Detailed Information

Location:
Chesterfield County, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
290000.00
Support & Training:
4 weeks
Reason for Selling:
other interests
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Carven Cheung

Business Listed By:
Carven Cheung

Transworld Business Advisors

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Sponsoring Broker:
Steve Sigman

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