Restaurant Group for Sale in Richmond, Virginia
Restaurant Group for Sale in Richmond, Virginia
Light & Raphael is pleased to offer a restaurant group 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.
Location
Country: | USA |
State or Province: | VA"," |
City: | Richmond |
Location Zip or Postal Code: | 23230 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Restaurant Group for Sale in Richmond, Virginia |
Year Established: | 2010 |
Number of Locations: | 2 |
Number of Seats: | Over 150 |
Size: | 3200, Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Reason for Selling: | Owner wishes to further diversify his holdings |
Owner Operated or Absentee Owner or Flexible: | Absentee Owner |
Training Provided: | Yes |
Financial Details
Asking Price: | $1675000 |
Gross Revenue: | 3500000 |
Gross Revenue Range: | $1,000,000+ |
EBITDA Range: | Over $300,000 |
SDE (Sellers Discretionary Earnings): | $550000 |
SDE Range: | Over $300,000 |
FF&E Value (Furniture Fixtures and Equipment): | 200000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $15000 |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Flexible |
Real Estate Owned or Leased: | Leased |
Contact Listing Owner
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