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Property profile

000 In Sales 2023 Henrico, VA 23228

OFF-MARKET
Retail properties & Spaces
2,000 SF Built 2021
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Property summary

AI-generated overview

This thriving wing franchise, established in 2021, presents a unique opportunity for ownership. Located in Henrico, Virginia (zip code 23228), this 2,000 square foot restaurant boasts impressive sales of $630,000 in 2023. The lease expires February 27, 2025, with a monthly rent of $4,000. The sale includes all equipment necessary for immediate operation, including three fryers, a flat-top grill, walk-in coolers and freezers, and ample seating for 40 guests. The business currently employs six people. The seller is relocating and offering three months of training. A $15,000 transfer and training fee covers this support, along with the franchise's training program. Ongoing franchise fees include a 7% sales royalty fee and a 3% marketing fee. Significant growth potential exists through expanded catering and third-party delivery services. This turnkey operation offers a proven business model with high visibility on a heavily traveled road in Richmond. The seller's reason for selling is relocation. The business is a franchise and is not an asset sale. Seller financing is not available.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 2,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

000 In Sales 2023 Henrico, VA 23228
Henrico metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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