30 Yrs Of Comfort Food Takeout. Lender Pre-qual

Business Overview:

30 yrs of comfort food takeout. Lender pre-qual with real estate.

This restaurant has been a fixture in the Richmond VA area for over 30 years. It is located across the street from two large sources of customers and has strong social proof (Google 4.4, Grubhub 4.7, Door Dash 4.7, based on over 5,000 reviews). No family employees, and owner handles mostly back-office roles. Priced at a very reasonable 2.5x net earnings. Owner is preparing for retirement but in no hurry to do so. PROPERTY IS ALSO AVAILABLE (but not included in this price) and an SBA lender has previewed the sale for a qualified buyer.

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Market Competition and Expansion:

Competition: Alternative restaurants are 1-3 miles away; this is the only one in the immediate area, despite the large customer base across the street.,

 

Expansion: The clientele are available 7 days but the business is only open 5 days; that offers a potential 30% bump in revenues.

Reason for Selling:

Owner retirement.

Additional Details:

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