Profitable Restaurant-Real Estate Available-Easy Drive from Richmond

Richmond, VA

Seller Financing Available

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Asking Price:$495,000
Gross Revenue:$1,100,000
FF&E:$55,000
Established Year:1979
Cash Flow:$265,000
Inventory:$4,000
Real Estate:$250,000
BUSINESS DESCRIPTION

* 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


DETAILED INFORMATION
Location
Richmond, VA
Inventory
Included in asking price
Real Estate
Owned
Building SF
2,400
Employees
13
Furnitures, Fixture & 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
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Charles
Broadwater
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Charles Broadwater