Business For Sale

Restaurant for Sale near Richmond, Virginia

Not Disclosed, VA

Near Richmond


Asking Price: Annual Revenue:
$399,000 $1,100,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale near Richmond, Virginia Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $399,000
Annual Revenue: $1,100,000
Net Profit: $250,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 15
BBN Listing #: 850348609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer a restaurant for sale in the Richmond area. The restaurant offers traditional American fare. The business has been family-owned and operated since it was established nearly 20 years ago. 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. It also offers takeout and pick-up dining options.

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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Property Features and Assets:

Location is leased.

Market Competition and Expansion:

Restaurants are a driving force in Virginia’s economy. They provide jobs and build careers for thousands of people, and play a vital role in local communities throughout the state. There are roughly 15,000 eating and drinking establishments in the Commonwealth, accounting for 363,500 food service jobs in the state. And by 2026, that number is projected to grow by 12.2%. The estimated sales in Virginia restaurants in 2016 was $16.3 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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