Turnkey Italian Restaurant For Sale In Richmond Metro Area, Ashland, VA 23005
- Retail properties & Spaces
- 3,081 SF
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Turnkey Italian Restaurant For Sale In Richmond Metro Area
- Year built
- 2005
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This established Italian restaurant in the Richmond metro area (Ashland, VA, zip code 23005) presents a unique opportunity for ownership. The 3,081 square foot space, built in 2005, boasts a full kitchen equipped with three fryers, a six-burner stove, three-compartment sink, pizza oven, walk-in freezer, reach-in coolers, and ample refrigeration. The dining area comfortably seats 80 guests with 23 tables and 52 chairs. Included in the sale are all existing equipment, including a POS system (TOAST), furniture, décor, and even highchairs. The current lease, expiring August 31, 2026, has a monthly rate of $3,663. The restaurant has a proven track record, generating $400,000 in gross revenue annually, with a strong customer base built through repeat business, themed nights, and live entertainment. Ten employees are currently in place. While seller financing is unavailable, financing options exist for qualified buyers with strong credit. Two weeks of manager training are provided to ensure a smooth transition. The seller is pursuing a new career path. This is an independent restaurant, offering the benefits of ownership without franchise fees. The address is confidential, but the city is publicly disclosed. Inventory is not included in the asking price of $90,000.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Hanover
- State
- Virginia
- Longitude
- -77.4931
- Latitude
- 37.7538
