Filament Business Advisors is excited to list a nearly century-old restaurant and bar for sale in one of Richmond’s most sought after residential neighborhoods. Dreams of cozy little restaurant bars look like this place.
After a complete historic renovation a decade ago, and the resurrection of the location’s tried and true formula of modern pub grub, cold beer and craft cocktails, this listing calls out for an owner-operator who wants to further hook the walk-in neighborhood clientele with great burgers, drinks and other universally beloved staples. While many restaurants in Richmond have difficulty just serving dinner these days, this jewel box rocks Saturday and Sunday brunch, lunch five days and dinner seven days a week with just 2-4 employees per shift generating half a million dollars in revenue in a typical year. In a typical year, the owner has been able to pocket over $100,000 with only fractional management and without performing any line level duties, but the last few years have been anything but typical. The current owner is looking to retire from the restaurant.
The ideal buyer might be a working chef seeking a stage, a bar chef looking for a permanent joint, or a good manager who loves wearing multiple hats – but is sick of doing it for someone else. An existing operator looking to add a feather to his or her portfolio cap could not get a much better slice of the RVA food scene – one that is fully branded and well known. A new owner could easily trade on this good will and just continue to elevate and execute the classics, or could easily upgrade to a new concept and a higher level.
The long term lease includes a roughly 900 square foot apartment upstairs and a roughly 750 square foot basement with walk-in, dry storage and bathrooms. The restaurant seats just under 50, including covered outdoor dining. This restaurant has a great website with online ordering for pickup and delivery, and a small but efficient kitchen with gas range, griddle and fryer – all adjacent to the long mahogany bar. A tin ceiling, tile floors and wood paneling instantly make diners feel at home, and it shows with great online reviews for food and service. Cheers!
Detailed Information
- Location: Richmond, VA
- Real Estate: Leased
- Building SF: 2,900
- Lease Expiration: N/A
- Employees: 6
- Facilities: Ranges, fryers, flat-top, walk-in, reach-ins, low boys, salad tops, freezer, full 12 seat mahogany bar, booths, tables, chairs
- Support & Training: Months of mentoring available for the right offer, recipe book and order guides
- Reason for Selling: Retirement
