0 Turnkey Italian Restaurant For Sale In Richmond Metro AreaAshland, VA 23005

Property Details for 0 Turnkey Italian Restaurant For Sale In Richmond Metro Area

Year built

2005

Property size (Sq ft)

3,081 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Ashland

County

Hanover

State

Virginia

Latitude

37.7538

Longitude

-77.4931

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