Profitable Restaurant, with Real Estate Available
* 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
Financials (USD)
Asking Price $420,000
Cash Flow $195,000
Sales $960,000
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? Yes
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Yes
Relocatable? No
Real Estate? No
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