Restaurant Operation for Sale in Richmond, VA

Richmond, VA
Richmond City County


Asking Price: Annual Revenue:
$1,675,000 $3,500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant Operation for Sale in Richmond, VA Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $1,675,000
Annual Revenue: $3,500,000
Net Profit: $550,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 75
BBN Listing #: 693848609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer a restaurant operation for sale in the Richmond area. The restaurant offers traditional American fare. The restaurant does very little advertising. The majority of the business comes from word of mouth. The restaurant accepts reservations and is open daily. Catering is available upon request. They also offer takeout and pick-up dining options.

This is a highly profitable business with processes and procedures in place for a business-minded buyer. The current owner works roughly 20 hours per week on payroll, bill paying, vendor management, etc. Excellent opportunity to earn a substantial living while working part-time overseeing a first-class business.

It is anticipated that the restaurant staff will remain with the business after closing.

SBA financing possible for a qualified buyer.

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Reason for Selling:

Seller wishes to pursue other business opportunity

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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