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Richmond City

  • Listing Number: 201-22041

    Category: Food - Pizza, Food - Restaurant, Miscellaneous

Asking Price $399,000
Gross Revenue $777,187
Total Adjusted Net Income $187,422
Equipment / Fixtures $60,000
Year Established 1992
General Location Richmond City
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Motivated seller of this well-established Italian restaurant is willing to sell for $90,000 below valuation. The owner is an absentee owner. This is a great opportunity for an existing restaurant owner to add to their portfolio of restaurants or for a new owner and family to start their first restaurant. This turnkey restaurant has been open for 20 years and is fully staffed. The restaurant serves Italian food, pizza, subs and burgers. The 4,800 square foot restaurant is in a great location with great visibility. The seller will consider owner financing. For more information, call Patricia Griswold at 804-928-2651 or email patricia@fcbb.com.

Gross Revenue
$777,187
Listed Price
$399,000
Total Income
$187,422
Base Rent
$7,360
Square Feet
4800
Total Rent
$8,500
Lease Expiration
02/2024
Rent Deposit
$1,500
Inventory
$9,000
Equipment / Fixtures
$60,000
Full-Time Employees
4
Training Period
30 days
Part-Time Employees
5
Special License Required
ABC License
Reason for Selling
Retiring from the area and absentee owner

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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