30 yrs of comfort food takeout. Lender pre-qual with real estate.
Virginia
| Asking Price: | $299,000 |
| Gross Revenue: | $735,182 |
| Cash Flow: | $147,181 |
| Inventory: | $4,000 |
Listing ID: 2169280Listing provided by BizBuySell
BUSINESS DESCRIPTION
This restaurant has been a fixture in the Richmond VA area for over 30 years. It is located across the street from two large sources of customers and has strong social proof (Google 4.4, Grubhub 4.7, Door Dash 4.7, based on over 5,000 reviews). No family employees, and owner handles mostly back-office roles. Priced at a very reasonable 2.5x net earnings. Owner is preparing for retirement but in no hurry to do so. PROPERTY IS ALSO AVAILABLE (but not included in this price) and an SBA lender has previewed the sale for a qualified buyer.
DETAILED INFORMATION
Location
Virginia
Inventory
Not Included in asking price
Employees
10
Competition
Alternative restaurants are 1-3 miles away; this is the only one in the immediate area, despite the large customer base across the street.,
Growth & Expansion
The clientele are available 7 days but the business is only open 5 days; that offers a potential 30% bump in revenues.
Financing
Owner Financing Amount: $34,000.00
Support & Training
Number of Weeks Seller Will Offer Training: 3
Reason for Selling
Owner retirement
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