Award-Winning Turnkey Restaurant for Sale in Richmond, VA

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Financial Details

Asking Price:
$489,000
Annual Revenue:
$1,068,888
Cash Flow / SDE:
$128,131
Profit Metric:
Total Income
Valuation Multiple:
3.8x
Location:
Richmond, VA, US
Sources:
Date:
September 23, 2025

Key Highlights

Award-winning, turnkey restaurant with a decade of history and strong local reputation.
Established loyal customer base and staff, showing steady growth and positive online reviews.
Includes all furniture, equipment, and appliances, with owner committed to a smooth transition.

Description

This is a fantastic opportunity to acquire an award-winning, turnkey restaurant located in Richmond, Virginia. With over a decade of operation since 2014, this semi-absentee owned establishment has cultivated a strong local following, evidenced by its robust social media presence and numerous outstanding Google reviews. The business boasts a loyal customer base and a dedicated staff, contributing to steady year-over-year growth. The current owner has successfully created a warm and inviting atmosphere, attracting both new and repeat patrons. The sale includes all furniture, equipment, and appliances, ensuring a smooth transition for the new owner. This thriving business offers significant potential for continued growth and success for an experienced restaurateur or an aspiring entrepreneur. The lease is month-to-month for 3440 sq ft with a monthly rent of $2,425. The business requires special licenses including ABC, City Business, and Health Department licenses. The owner is selling due to relocation to be closer to family.

Industry Information

Industry Description:
Food - Restaurant
Classification:
Restaurants & Food

Operational Snapshot

Year Established:
2014
Employees:
22
Reason for Selling:
Moving to be closer to family

Real Estate & Lease

Status:
Leased
Monthly Rent:
$2,425 USD

Assets & Inventory

FF&E Value:
$60,000 USD
Includes FF&E:
Yes
Inventory Value:
$1,500 USD
Includes Inventory:
Yes

Broker Contact

Name:
Proctor Trivette
Company:
First Choice Business Brokers
Phone:
(804) 965-4460

Listing Details

Listing ID:
7401cad5-0a14-40ca-859d-984105cbeb5f
Source Listing ID:
23930
Deal Status:
For Sale
Last Updated:
September 23, 2025
Currency:
USD

Features & Tags

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