For Sale
$149,000

000 In Sales 2023 Henrico, VA 23228

Established wing franchise, high sales, turnkey operation.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • Franchise: Yes
  • Asset Sale: No
  • Asking Price: $149,000
  • Gross Revenue: $579,595
  • Cash Flow: $58,975
  • Seller Financing: No

Property Details for 000 In Sales 2023

Property type
Retail properties, Restaurants
Square Feet
2,000 SF
Year Built
2021

Location Insight

City
Henrico
County
Richmond
State
Virginia
Latitude
37.6164453
Longitude
-77.4816693

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FAQs

What type of property is this?
Retail property - Established wing franchise, high sales, turnkey operation.
Where is the retail property located?
The property is located at 000 In Sales 2023 Henrico, VA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Franchise: Yes; Asset Sale: No; Asking Price: $149,000
How can I contact the broker?
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Contacts

Eric Gagnon
Eric Gagnon
Visit Broker Website

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In Sales 2023
Henrico, VA 23228

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In Sales 2023
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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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000 In Sales 2023
  • Eric Gagnon
    Eric Gagnon
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