Operating Sushi Restaurant With All Equipment In-Place - Consistent Year-Over-Year Income Growth - Sushi Box - 11458 Belvedere Vista Ln., Richmond, VA 23235
Timed auction by Dudley Resources
Starts Aug 3, 2020 9:00 AM EDT. Ends Sep 10, 2020 3:30 PM EDT
For More Information Please Contact Dudley Resources @ (804) 709-1954 **Please Sign Non-Disclosure Statement For Monthly Breakdown Of Annual Income & Expenses** Highlights: Located In Shoppes At Belvedere Business & Equipment Being Sold Together As Operating Business Buyer’s Premium: 10% Buyer’s Premium Added To Highest Bid Gross 2019 Annual Income: $493,303.40 Gross 2019 Annual Expenses: $342,278.23 2019 Net Annual Income: $151,025.17 Year Established: 2010 Restaurant Size: 1,664 SF Number of Seats: 50 indoor seats; 12 outdoor patio seats Signage: Available Current Rental Rate: $4,017.70/Month (Includes All Additional NNN Costs To Tenant) Current Lease Term: Expires @ End Of September 2020 - Two (2) 5-Year Renewal Options Available Reason For Selling: Owner Wishes To Retire Support & Training: Negotiable Description: Dudley Resources is pleased to present, the popular, locally owned Sushi Box restaurant for sale in a prime Richmond-Midlothian location near the intersection of Huguenot Road & Robious Road. The restaurant is located at 11458 Belvedere Vista Ln., Richmond, VA 23235 and the surrounding area features Huguenot Shopping Center and Chesterfield Towne Center, as well as numerous residential neighborhoods and ongoing residential development projects. This 1,664 square foot restaurant has approximately 50 indoor seats, 12 outdoor patio seats and features a full kitchen, a large, wood wet bar/sushi bar area, as well as two (2) bathrooms and a full POS already installed. The owners established the business in 2010 and have recently decided to retire. Annual net income exceeds $150,000 and has been increasing consistently since restaurant was established. The current lease has a monthly rental rate of $4,017.70 (inlcuding CAM, taxes, etc.) and expires at the end of September 2020, however, the new owner will have two (2) five year options available at the conclusion of the current lease (see lease for details).