Listing Number: 9525-369521
Description
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.
Listing Details
- Price: $299,000
- Down Payment: $265,000
- Sellers Discretionary Earnings: $147,182
- Total Sales: $735,182
- Location: Virginia
- Inventory: $4,000
- FF&E: $10,000
- Employees: 10
- Reason for Selling: Owner retirement
- Category: Restaurants
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