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Accommodation & Food Services

Profitable Restaurant, with Real Estate Available

Richmond, VA, USA
Updated 195 days ago

* Over 45 years of successful operation at this location. * Extremely profitable. * All food items are 'made to order'. * Large, loyal customer base. * Well-trained, motivated and customer friendly staff. * The staff will easily transition customers to a new owner. * Dominant brand presence in market served. * Well thought out and efficient workflow throughout the restaurant. * Equipment is in excellent condition, well-maintained and includes many new and recently upgraded items. * Owner plans to retire following a transition period with the new owner. * Great lifestyle location. Small town environment. Wonderful recreational opportunities, low crime rate. Location: Richmond, VA Inventory: $4,000, Not included in asking price Real Estate: Owned, Not included in asking price Building SF: 2,400 Employees: 13 Furniture, Fixtures, & Equipment (FF&E): $55,000 Included in asking price Facilities: This is a 2,400 sq. ft., well-designed facility with a drive-thru. Seating is provided for 60 customers and parking for 36 cars. A fantastic new sign package has just been installed and there are many upgrades and new pieces of equipment. Examples are a new grill, new fryers, and new fire suppression system, all within the last 90 days. Competition: Limited competition. Enviable reputation in the marketplace for high-end food products and outstanding customer service. Financing: If the real estate is purchased another $26,400 will be available for debt service. Support & Training: The seller will negotiate an easy transition period. The current manager will stay in place if desired by the Buyer Reason for Selling: Semi-Absentee Owner

Buyer Fee?

No

Real Estate?

No

Relocatable?

No

Management Will Stay?

Yes

Represented By Broker?

Yes

Financials

Asking Price
$420K
RevenueMost Recent Year
$960K
Earnings (SDE)Last Reported
$195K
Assets Value
Undisclosed
Seller Financing
Yes

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