Restaurant for Sale - High Profits
Restaurant for Sale - High Profits
The business has been family-owned and operated since it was established nearly 20 years ago. 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. It also offers takeout and pick-up dining options.
Location
Country: | USA |
State or Province: | VA |
City: | Richmond Area |
Location Zip or Postal Code: | 23230 |
Listing Information
Service Type: | Sit-Down Table Service, Catering |
Title of Listing: | Restaurant for Sale - High Profits |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 6000, Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Hours of Operation: | 11 AM to 9 PM |
Reason for Selling: | Owner is retiring |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Financial Details
Asking Price: | $399,000 |
Gross Revenue: | $1,100,000 |
Gross Revenue Range: | $1,000,000+ |
EBITDA (Earnings before Income, Taxes and Depreciation): | $250,000 |
EBITDA Range: | $100,000-$300,000 |
SDE (Sellers Discretionary Earnings): | $250,000 |
SDE Range: | $100,000-$300,000 |
FF&E Value (Furniture Fixtures and Equipment): | 100000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $10000 |
Vendor Financing Available: | Yes |
Asset or Share Sale: | Flexible |
Real Estate Owned or Leased: | Leased |
Total Monthly Rent: | $7000 |
Contact Listing Owner
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