Successful Restaurant Great Location, Real Estate Available

Richmond, VA (Richmond City County)

Seller Financing Available
BRG Brokers
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Asking Price: $299,000

Cash Flow: $90,000

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $55,000

Inventory: $2,500

Real Estate: $575,000*

Established: 1996

*not included in asking price.

Successful Restaurant Great Location, Real Estate Available

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Business Description

This successful restaurant has been in business for over 20 years. Super location in the most desirable area of the city. Well know as both a neighborhood place to have a drink and relax during happy hour as well as a go to place for lunch or dinner. Surrounded by shopping and foot traffic, this place is always busy. Great atmosphere known for fun and festivities on the outdoor patio or the indoor dining room. Real Estate is available for sale.

Detailed Information

Location:
Richmond, VA
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,906
Employees:
4 FT 15+PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1906 sq. ft. in the best area of the city. Well laid out kitchen, indoor and outdoor seating. Building is for sale or the owner will give the buyer an affordable lease. All equipment is in good working order, well maintained. Building available for sale.
Competition:
There is no direct in-kind competition in the immediate area. Prime real estate will only increase in value. The food, the drinks, the atmosphere, the location have allowed this business to operate in the same location for over 20 years.
Growth & Expansion:
The catering business can be increased.
Support & Training:
Owner will provide 4 weeks of training at 30 hours/week at no additional charge.
Reason for Selling:
Retirement
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Michael Mitchell

Business Listed By:
Michael Mitchell

Business Research Group, LLC

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