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Renowned Richmond Restaurant Chain- 2 Locations + Catering!

Resized
  • Listing# : 17176
  • Listed Price : $540,000
  • Total Sales : $1,790,496
  • SIC : 5812
  • Down Payment : $540,000
  • Status : Active
  • Discretionary Earnings : $89,250

Business Type :

Restaurants / American Restaurant, Restaurants / Catering

Business Description :

Every once in a while, the opportunity to own a true landmark comes along!  This full-service restaurant has been a fixture in the Richmond market for over 20 years offering top-quality food and down-home service at affordable prices.  Richmond awards and accolades are too many to mention.  

Like most restaurants, this business had to overcome challenges during the COVID 19 pandemic.  2020 cashflow was $239K.  It's important to note that 2021 cashflows are NOT indicative of this restaurant's normal performance as both locations were closed for 8 weeks due to staffing issues and major renovations including new HVAC and fire suppression systems.  However, as the communities emerges from the pandemic, customers are anxious to get back out to eat!  Both locations are fully staffed with strong General Managers in place.  This allows the owner to focus on business development, team building, and quality assurance.

This company also enjoys a strong catering business that is booming with 7-10 jobs per week.  This trend is expected to continue as companies and groups get back together in 2022.


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $212,860
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $212,860
    • Incl : Yes

Lender Prequalified: Yes

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Restaurants