Restaurant and Bar in Richmond, Virginia

Richmond, VA
Richmond City County


Asking Price: Annual Revenue:
$595,000 $1,230,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant and Bar in Richmond, Virginia Broker: Gavin P Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $595,000
Annual Revenue: $1,230,000
Net Profit: $325,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 20
BBN Listing #: 831548609
Broker Reference #: Not Disclosed

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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.

Relevant Links:

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