Highly Profitable Central Virginia Restaurant for Sale (Southside)

Mail Print Save

Restaurants for Sale

  • Primary Category: Grocery Stores for Sale

 Over forty years of successful operation at this location.

 Extremely profitable. Limited competition.

 Enviable reputation in the marketplace for high-end food products and outstanding customer service.

 All food items are “made to order.”

 Large, loyal customer base.

 Well-trained, motivated and customer-friendly staff.

 The staff will easily transition customers to new owners.

 Dominant brand presence in the market served.

 Well thought out and efficient workflow throughout the restaurant.

 The equipment is in excellent condition, well-maintained, and includes many new and recently upgraded items.

 The owner plans to retire following a transition period with the new owner.

 Great lifestyle location. Small town environment. Excellent recreational opportunities, a low crime rate.

 Be the “big fish in a little pond”.

Financial Information

  • $550,000 Asking Price
  • $190,000 Cash Flow
  • $1,045,000 Gross Revenue
  • Negotiable Down Payment

Business Location

  • City: Rural Community in Southside Virginia
  • State: Virginia

Reason for Sale

  • Owner retirement

Detailed information

  • Year Established: 40
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Fulltime Employees: 7
  • Part time Employees: 6
  • Contractors: N/A
  • Owner Worked Hours/w: 30
  • Adjusted EBITDA: On request
  • Inventory Included: Yes
  • Inventory Value: $4,000
  • Monthly Rent: On request
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: On request
  • Building Size: 2400
  • FF&E Included?: Yes
  • FF&E Value: $50,000

Facilities

  • This is a 2400 sq. ft. , well-designed facility with a drive-thru. Seating is provided for 60 customers and parking for 36 cars. A fantastic new sign package has just been installed and there are many upgrades and new pieces of equipment.

Market Outlook/Competition

  • Competition is limited

Contact Business Broker

"*" indicates required fields

Name*
Newsletter
This field is for validation purposes and should be left unchanged.

Business Listed by Sunbelt of Richmond
Contact
Charles Broadwater
Call Listing Broker (757) 570-5292
Listing ID
RICHMVA001-52095
Office Phone (804) 673-8044

Similar Businesses for Sale

Image of Full Service Williamsburg Restaurant & Bar For Sale Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Full Service Williamsburg Restaurant & Bar For Sale

Williamsburg, Virginia

* This 5,400 square foot space has produced $1.9 million in revenue in 2019, and it can do it again....

On request Gross Revenue
On request Cash Flow
Asking Price $90k
View Listing Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Image of Hampton Roads Restaurant, Bar and Catering Business for Sale Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Hampton Roads Restaurant, Bar and Catering Business for Sale

Hampton Roads, Virginia

Well-known and historic 150-seat restaurant located in the historic section of the inner city. The restaurant has operated for more...

$1.233m Gross Revenue
$225k Cash Flow
Asking Price $435k
View Listing Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Image of Landmark Restaurant located near the Eastern North Carolina Waterfront Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Landmark Restaurant located near the Eastern North Carolina Waterfront

Southeastern North Carolina, North Carolina

* Historic neighborhood restaurant for sale and after 80 years, it’s still a go-to spot for locals. * Family-operated food...

$1.900m Gross Revenue
$260k Cash Flow
Asking Price $375k
View Listing Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Image of Historic Hampton Roads Neighborhood Restaurant for Sa Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!

Historic Hampton Roads Neighborhood Restaurant for Sa

Hampton Roads, Virginia

* Historic neighborhood restaurant for sale and after 80 years, it’s still a go-to spot for locals. * Family-operated food...

$425k Gross Revenue
On request Cash Flow
Asking Price $225k
View Listing Save

You need to register to Sunbelt Network to get access to save your listing, setup BizBuzzTM alerts, and much more!