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May 12, 2018 by Nathan Hughes

High volume bar/restaurant in the West End

  • $379,000
  • Description
  • Details

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.

 

Photo by Eaters Collective on Unsplash

Price:$379,000
City:Henrico
State:VA

Listing Inquiry

Sperity

Sperity is a coined term, a combination of Inspire, Prosperity, and Integrity. We strive to bring all of those aspects to every interaction that we have, whether it is with a client, a customer, a competitor, or with anyone else.

We are a commercial real estate and business brokerage firm that works under a different model than anything else we've seen in the field. With the emphasis on treating our employees as a team, we incentivize excellent customer service and making sure that the whole company is working on every deal that we take on.

We specialize in working with restaurants, churches, and real estate developers. Each member of our team comes with an extensive background in one or more of these specialized fields. Before taking on projects outside of these specializations, we analyze each one on a case by case basis to be sure that we will provide superior results.
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