Profitable Restaurant, with Real Estate Available

Richmond, VA (City of Richmond County)
Asking Price: $495,000
Business For Sale Details
Listed on Nov 4, 2024

* Over forty years of successful operation at this location.
* Extremely profitable. Limited competition.
* Enviable reputation in the marketplace for high-end food products and outstanding customer service.
* 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.
* Semi-Absentee Owner

Location: Richmond, VA
Inventory: Included in asking price
Real Estate: Owned, Not included in asking price
Building SF: 2,400
Employees: 13
Furniture, Fixtures, & Equipment (FF&E): 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.

Competition: Competition is limited
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: Retirement

change currency

Financials (USD)

Asking Price $495,000

Cash Flow $265,000

Sales $1,100,000

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? No

Management will stay? Available On Request

Relocatable? No

Real Estate? No

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

Request Information

Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.

Sign Up

DealStream Awards & Reviews

More Listings Like This
Resources For Entrepreneurs
Industry Guides