000 In Sales 2023 Henrico, VA 23228
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 000 In Sales 2023
- Year built
- 2021
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Henrico
- County
- Richmond
- State
- Virginia
- Longitude
- -77.4817
- Latitude
- 37.6164
