947450-BK-Great Location Restaurant, Lg. Kit./Bar

Not Disclosed, VA
Richmond County

Asking Price: Annual Revenue:
$169,950 $235,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: 947450-BK-Great Location Restaurant, Lg. Kit./Bar Broker: Bill Kelly

Quick Facts

Asking Price: $169,950
Annual Revenue: $235,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 4
BBN Listing #: 528443891
Broker Reference #: 9525-947450

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Business Overview:

High Traffic Location, near a college campus in central Virginia with plenty of parking. Restaurant was completely remodeled 9 months ago, new furniture, bar, bathrooms, extra large kitchen with 12 foot hood, automatic dishwasher, grill, fryers, large refrigerated food prep area, walk in fridge, walk in freezer and waitress beverage station.
Some owner financing available to qualified buyer. Owner selling needs to focus on his other successful businesses.

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Property Features and Assets:

Owner purchased this business, through a bankruptcy sell. Spent over $200,000 remodeling. Owner wishes to sell because business requires more of his personal time then he could give because of the demands of his other businesses.

Market Competition and Expansion:

There are many other restaurants in this large college area. But very few with parking in a similar high traffic area. Potential Growth Restaurant will need to be re branded and new menu to accommodate the tastes of large college age population. Perfect for popular franchise location with extended hours such as : Burgers Pizza 24 hour breakfast.

Reason for Selling:

Other business interests.

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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