000 In Sales! Richmond, IN 47374
- Retail properties
- 4,070 SF
Current Use by Public Records
- Retail properties
Property Details for 000 In Sales!
- Year built
- 2015
- Property size
- 4,070 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Richmond, Indiana restaurant and wine bar is a fantastic opportunity for a new owner. Established in 2015 and renovated in 2018, this 4,070 square foot business boasts impressive sales exceeding $400,000 in 2023. Currently operating under a lease expiring March 31, 2027, with a monthly rent of $2000, the remaining lease term is approximately 2.4 years. The sale includes all equipment necessary for continued operation, including ovens, grills, fryers, refrigeration units, bar equipment (kegerators, wine coolers), point-of-sale systems (iPads, tablets, cash drawer, printers), and more. The business benefits from a beautiful, sophisticated ambiance and a strong social media presence, contributing to its popularity as a local favorite. The current owners are relocating, providing a unique opportunity for a buyer to step into a well-established business with minimal upfront investment. The business currently employs 22 people and operates with limited hours, presenting a clear path for increased revenue through extended operating hours. Seller is willing to provide 30 days of manager/owner training. This is an asset sale
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Longitude
- -84.8985
- Latitude
- 39.8283
