Established Restaurant in Great Location + Rebranding Opportunity

Listing Number: 9525-454467

Listing Details

Established Restaurant in Great Location + Rebranding Opportunity
Price: $175,000
Location: Richmond City, Virginia
  • Down Payment: $175,000
  • Sales: $279,000
  • Seller's Discretionary Earnings: $68,788
  • Inventory: $150,000
  • Furniture, Fixtures, and Equipment: $4,500
  • Rent: $5,475
  • Employees:
  • Year Established:
  • Reason for Selling: Other

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Business Description

 

Rare opportunity to acquire a fully built-out restaurant in a desirable Richmond neighborhood with the infrastructure to support a wide range of concepts. The current concept has earned 4.4 Google stars on 1030 reviews. The facility features an attractive dining room, full-service bar, private dining room, and fully appointed commercial kitchen with an approximately 20' hood. 

The private dining space and catering capabilities provide significant opportunities to expand revenue beyond traditional dine-in service, including corporate events, celebrations, rehearsal dinners and other private functions.

This is an excellent opportunity for an experienced restaurateur to introduce a new concept without the substantial cost, time and permitting challenges associated with building a restaurant from the ground up.

Ideal for an owner-operator, experienced restaurateur, or hospitality group seeking a turnkey location in an established Richmond neighborhood.

Bring your concept—the expensive infrastructure is already in place.

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