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Accommodation & Food Services

Turnkey Award Winning Restaurant In Virginia

Richmond, VA, USA
Updated 190 days ago

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!

Location

Richmond City County, VA

Employees

22

Real Estate

Lease

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

Years Established

11 Years

Support & Training

2 Weeks

Size In Square Feet

3,440

Inventory / Stock Value

$1,500 - included in the asking price

Reason for Selling

Moving to be Closer to Family

Financials

Asking Price
$489K
RevenueMost Recent Year
$1.1M
Earnings (SDE)Last Reported
$128K
Assets ValueIncluded in Asking Price
$60K
Seller Financing
Not available

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