Neighborhood Bar & Restaurant! Prime Location! Long Established!

Asking Price$180,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$550,000

Inventory$10,000
Included in asking price
FF&ENot Disclosed

1Save

Neighborhood Bar & Restaurant! Prime Location! Long Established!


Asking Price$180,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$550,000

Inventory$10,000
Included in asking price
FF&ENot Disclosed

Business Description
If you've ever dreamed of owning a popular neighborhood bar and restaurant, this is it! Located in one of Richmond's most sought after residential neighborhoods, this century old neighborhood spot is definitely one of those places "where everybody knows your name".

Open 7 days weekly offering Saturday and Sunday brunch, this little gem just keeps churning out sales and profits year after year. While ideal for a working chef, it has a full complement of staff who would likely wish to remain on if asked.

Historically renovated a little over a decade ago, it has a small, efficient kitchen, a long mohogany bar, and seats approximetly 50 (including its small outdoor covered patio). It has a tin ceiling, tiled floors, and wood paneled walls that exhude neighborhood comfort.

The 2nd floor is presently utilized for office and storage, but it could easily be converted to living quarters. By all measures, it's a classic Richmond neighborhood restaurant.

An opportunity like this seldom remains on the market very long, So, act now!
About the Business
Years in Operation
100
Employees
6
Facilities & Assets
Furniture, Fixture, and Equipment List available upon request
Market Outlook / Competition
Market conditions are always excellent in this area for established neighborhood restaurants
Opportunities for Growth
There are always opportunities for growth that are not being employed or can be improved upon.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,416
Rent
$2,962.00 per month
Lease Expiration
9/30/2028
About the Sale
Seller Motivation
Seller is re-locating to be nearer family
Transition Support
Seller will provide a two-week period of thansition to facilitate the orderly coversion of the business to new ownership.
Listing Info
ID
2366695
Listing Views
845

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Business Listed by: Rich Holden Holden Realty, LLC

Listing ID: 2366695 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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