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Listed by:

Transworld Business Advisors Richmond

30 Yrs Of Comfort Food Takeout. Lender Pre-qual In Virginia For Sale

Virginia, US
Asking Price:
$375,000
Sales Revenue:
$735,182
Cash Flow:
$147,181

30 yrs of comfort food takeout. Lender pre-qual with real estate.

This restaurant has been a fixture in the Richmond VA area for over 30 years. It is located across the street from two large sources of customers and has strong social proof (Google 4.4, Grubhub 4.7, Door Dash 4.7, based on over 5,000 reviews). No family employees, and owner handles mostly back-office roles. Priced at a very reasonable 2.5x net earnings. Owner is preparing for retirement but in no hurry to do so. PROPERTY IS ALSO AVAILABLE (but not included in this price) and an SBA lender has previewed the sale for a qualified buyer.

Business Operation

Expansion Potential:

The clientele are available 7 days but the business is only open 5 days; that offers a potential 30% bump in revenues.

Competition / Market:

Alternative restaurants are 1-3 miles away; this is the only one in the immediate area, despite the large customer base across the street.,

Reasons for selling:

Owner retirement

Trading hours:

Tue-Sat 10:30 am to 7:00 pm

Employees:
10

Other Information

Support & training:

# of Weeks Seller Will Offer Training: 3

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$10,000
Inventory / Stock value:
$4,000