Business Overview:
Light & Raphael is pleased to offer a popular restaurant and bar for sale in Richmond, Virginia. It provides American fare and a large selection of beer, wine and cocktails. The business has a very strong and active social media presence on Facebook and Instagram and a polished website. Seller will provide support and training following the sale. The restaurant generates higher than industry average profit margins. Profits increased considerably in 2021 and remain strong in 2022.
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Property Features and Assets:
Location is leased in a popular Richmond neighborhood.
Market Competition and Expansion:
The National Restaurant Association projects the foodservice industry will reach $898 billion in sales this year, up from $799 billion in 2021 and surpassing pre-pandemic sales levels from 2019 of $864 billion.
Reason for Selling:
Owner wishes to retire.
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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