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Profitable Popular Full Service Waterfront Restaurant For Sale

Richmond, Virginia
Asking Price:
$380,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,630,000
Cash Flow:
$200,000

Full-service themed restaurant with great food, great views, entertainment and a popular bar on the river. Profitable with good books and records. Motivated seller is ready to retire. This is a turnkey business opportunity. A new owner should not experience any downtime in the transition of ownership as the seller is providing onsite training and transition support. PRICE HAS BEEN REDUCED FROM 425K TO 380K FOR A CLOSING PRIOR TO MARCH 1, 2019.

Property information

Real Estate:

Lease

Premises Details:

8060.00

Size in square feet:
6,400 sq ft

Business Operation

Expansion Potential:

Located in a rapidly developing, upscale area this business is expected to see dramatic revenue growth.

Reasons for selling:

Retirement

Trading hours:

Days: Monday-Sunday, Hours: 11:30 am-11 pm

Employees:
Full Time: 4, Part Time: 15
Years established:
13

Other Information

Support & training:

Seller is committed to a successful transition. Additionally, GM is likely to remain at buyer's option.

Financing available:

Seller will consider some financing for a qualified buyer.

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price

Contact Information

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