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Business for Sale Summary [Non-Confidential]

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Richmond city, VA

Business Type: retailing businesses,other eating & drinking places,restaurant/ cafes

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Non-Confidencial Financial Infomation

  • Asking Price

    $120,000.00

  • Gross Revenues

    $107,878.00

  • Financing

    $ 120,000.00 Down and Negotiable

  • Owner's Cash Flow

    $-33,182.00

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Business Description

BUY FOR LESS THAN ASSET VALUE! Very well located and fully equipped sports themed restaurant in busy shopping center offering eat-in/take-out wings, burgers, sandwich type menu with beer/wine. Less than one mile from I-95 exit, the restaurant is next to several nationally recognized anchor stores. Seating for 30 with ample parking, sales in 2008 are running 23% ahead of 2007 and 30% ahead of 2006 without advertising. Absentee owners have caused a negative cash flow due to allowing expenses to far exceed industry norms. Business is very viable for a hands on owner-operator and is being sold at near asset value. Fixtures and equipment worth $90,870 convey with business as well as $180,000 of amortizable leasehold improvements.

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