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Listed by:

First Choice Business Brokers Richmond

Turnkey Award Winning Restaurant In Virginia For Sale

Richmond, Virginia, US
Asking Price:
$489,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,068,888
Cash Flow:
$128,131

Turnkey, Award-Winning Restaurant for Sale in Virginia

Looking for an award winning, turnkey restaurant with a long standing history and the best food and drinks south of Richmond? The opportunity of a lifetime has arrived that you won't want to miss!

This semi-absentee owned restaurant has been a local favorite for over a decade. With a robust social media presence and countless outstanding Google reviews, it continues to maintain a positive reputation. With an established and loyal customer base and staff, this beloved restaurant has seen steady growth over the years.

The current owner has done a fantastic job cultivating a warm, inviting atmosphere that attracts a stream of both new patrons and loyal regulars.

The sale includes all furniture, equipment, and appliances, and the owner is committed to ensuring a smooth transition.

This is a fantastic opportunity to take over a thriving business with a stellar reputation and abundant potential for growth. Whether you're an experienced restaurateur or a budding entrepreneur, this beloved restaurant is poised for its next chapter!

Property Information

Real Estate:

Lease

Location:

Richmond City County, VA

Premises Details:

This is a leased location of 3,440 square feet with a Total monthly rent of $2,425. Lease ends month to month. Seller is active with 9 FT and 13 PT employees. Hours of operation are 11am -10pm Wed & Thur, 11am - 12am Fri, 9 am - 12am Sat, and 9am- 1 PM Sun, Wednesday - Sunday. $1,500 in inventory and $60,000 in FF&E included in the asking price. $50,000 made in leasehold improvements. Other Assets include Patio, built and installed kitchen, new toilets, walk-in cooler refurbished, HVAC system refurbished, built and upgraded behind bar. ABC License, City

Size in square feet:
3,440

Business Operation

Reasons for selling:

Moving to be Closer to Family

Employees:
22
Years established:
11 Years

Other Information

Support & training:

2 Weeks

Furniture / Fixtures value:
$60,000 - included in the asking price
Inventory / Stock value:
$1,500 - included in the asking price