BUSINESS FOR SALE, NOT A REAL ESTATE TRANSACTION
Asking Price: $379,000
Cash Flow: $156,565 (2017)
2017 Gross Revenue: $1,318,069
2018 Gross Revenue: $1,500,000 (projection, based on January through April)
Lease Rate/Sq. Ft.: $30.00/SF
Busy, high volume bar in the West End of Richmond with years of stable sales history at $1.2-1.3M+ annually. The first four months of 2018 (Jan-Apr), sales are running 28% higher than the same time period last year ($470K vs $368K) ~$1.5M annualized.
The cash flow figure quoted ($156,565) is from sales at the 2017 levels, not at the new normal of $1.5M.
Over 5,000 SF in a busy shopping center with great visibility. Multiple bars and rooms for private events.