Established Ethnic Restaurant Bouncing Back

Not Disclosed, VA
Chesterfield County


Asking Price: Annual Revenue:
$95,000 $345,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Established Ethnic Restaurant Bouncing Back Broker: Russell Fergusson

Quick Facts

Asking Price: $95,000
Annual Revenue: $345,000
Net Profit: Not Disclosed
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 11
BBN Listing #: 709143891
Broker Reference #: 9525-291179

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Business Overview:

Popular ethnic restaurant returning to profitability after pandemic. Great location on major road, low rent, good equipment, and experienced kitchen staff. Opportunity to acquire assets of business with strong name recognition and stellar reputation for food and service.
Owners acquired 2013. Refurbished kitchen and dining room. Developed menu, hired innovative chef. Steadily grew business until family members assumed operation 2019. Inexperience and pandemic impacted operations. Owners resumed management oversight Jan 2022, refurbished and updated. Restaurant sales increasing monthly as business performance continues upward trend.

Limited competition in area.

Owners have positioned restaurant for return to pre-pandemic numbers. Expand hours and continue current focus on quality service and food.
Well maintained dining area and kitchen. Plenty of parking.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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