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Henrico City County, Virginia
10% DP - SBA Bank Pre-approved VA Profitable Italian Restaurant
Asking Price
$925,000
Revenue
Call/Email
Down
$100,000
Cash Flow
Call/Email
Name: Carven Cheung
Name
Carven Cheung
Description
• Gross Revenue of $898,819 in 2023 & $954,001 in 2024
• $302,628 in Seller Discretionary Earning in 2023
• $375,660 in Seller Discretionary Earning in 2024
• Business was established in 2012 and under the same ownership since October 2021.
• Reason for sale: Retirement
• Steady growth in revenue and earnings since Covid.
• Well-known Italian restaurant in immediate serving area.
• Google 4.1 rating with 582 reviews.
• Wine & Beer license is required to operate this business.
• Dine-in & Takeout services with online ordering available.
• 3rd Party Delivery Services available.
• SBA Lender Pre-approval with Seller.
• Turn-Key operation.
• The seller is willing to train for 4 weeks after closing.
• 90% in credit card sales and 10% in cash sales.
• $150,000 worth of FF&E and $12,000 worth of inventory are included in the listing price.
*10% Downpayment financing available for QUALIFIED buyers through SBA lender.
This Italian Restaurant, renowned for its authentic Italian cuisine and exceptional customer service in Richmond, Virginia. The favorable demographic profile, robust local economy, and unmet demand for authentic, high-quality Italian dining experiences create a significant opportunity for success. By capitalizing on its established brand reputation and unique culinary offerings, new owner can capture a substantial market share and drive substantial revenue growth. Implementing the recommendations outlined above will maximize the likelihood of a successful and profitable business operation.
In summary, this Italian Restaurant Company is a superb acquisition with consideration of its great location and reputation. It is a turnkey operation where the new owner can continue doing business without spending too much on initial investment in additional equipment. With a properly targeted marketing campaign for local businesses, the community and events, the potential for growth within this community area will allow a new owner to continue to see year over year growth for the foreseeable future.
Ultimately, with or without a well-heeled buyer party the company is poised for both immediate future growth and long-term stability. Contact Transworld immediately with further questions or to take the next step forward in the process of acquiring this company.
Business Details
Year Established:
2012
Employees:
9
FE&E:
$150,000
Reason for sale:
Retirement
Lease & Tenant Information
Lease Expiration:
03/31/2029
Lease Options:
$6,850
Other Information
Listing Number:
12451-784283
Sales:
$954,001
Seller's Discretionary Earnings:
$375,660
Inventory:
$12,000
Posting Information
Posting ID:
tw:82593
Business Category:
Restaurants
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
10% DP - SBA Bank Pre-approved VA Profitable Italian Restaurant
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*82593
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
Recommended Businesses
Henrico City County, Virginia
10% DP - SBA Bank Pre-approved VA Profitable Italian Restaurant
$ 925,000
Key Investment Considerations: • Gross Revenue of $898,819 in 2023 & $954,001 in 2024 • $302,628 in Seller Discretionary Earning in 2023 • $375,660 in Seller Discretionary Earning in 2024 • Business was established in 2012 and under the same ownership since October 2021. • Reason for sale: Retirement • Steady growth in revenue and earnings since Covid. • Well-known Italian restaurant in immediate serving area. • Google 4.1 rating with 582 reviews. • Wine & Beer license is required to operate this business. • Dine-in & Takeout services with online ordering available. • 3rd Party Delivery Services available. • SBA Lender Pre-approval with Seller. • Turn-Key operation. • The seller is willing to train for 4 weeks after closing. • 90% in credit card sales and 10% in cash sales. • $150,000 worth of FF&E and $12,000 worth of inventory are included in the listing price. *10% Downpayment financing available for QUALIFIED buyers through SBA lender. This Italian Restaurant, renowned for its authentic Italian cuisine and exceptional customer service in Richmond, Virginia. The favorable demographic profile, robust local economy, and unmet demand for authentic, high-quality Italian dining experiences create a significant opportunity for success. By capitalizing on its established brand reputation and unique culinary offerings, new owner can capture a substantial market share and drive substantial revenue growth. Implementing the recommendations outlined above will maximize the likelihood of a successful and profitable business operation. In summary, this Italian Restaurant Company is a superb acquisition with consideration of its great location and reputation. It is a turnkey operation where the new owner can continue doing business without spending too much on initial investment in additional equipment. With a properly targeted marketing campaign for local businesses, the community and events, the potential for growth within this community area will allow a new owner to continue to see year over year growth for the foreseeable future. Ultimately, with or without a well-heeled buyer party the company is poised for both immediate future growth and long-term stability. Contact Transworld immediately with further questions or to take the next step forward in the process of acquiring this company.
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