Which Richmond restaurants will close next? We found some clues.
I had a conversation once with The White Dog owner Barry Pruitt when rumors first started circulating that his restaurant was for sale and closing, years before it actually happened.
Something he said has always stuck with me in covering dining news.
"Show me a restaurant in this town that isn’t for sale," he said. "For the right price, every restaurant owner would sell."
It’s true. The restaurant business is cruel, as too many owners are finding out way too frequently lately.
S@mple restaurant owner Adam Bell summed it up well following the weekend’s announcement that his restaurant was closing after only nine months in business:
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s@mple was like a roller coaster - full of ups & downs. The ups were slow, the downs were fast and gut-wrenching, but it was a blast the whole ride. The restaurant business is definitely not for the faint of heart.
The rash of Richmond restaurant closings have indeed been gut wrenching, and while new spots are in-the-works and some opening soon, I fear we’re not nearly done with the closings.
A quick search of a few commercial real estate listings offers some clues about which restaurants could be closing next … or at least changing hands.
Can you guess who’s who from these descriptions (pay attention to the last one. Not a lot of info, very high price. That’s going to be a big one)?
Established since 1991, this upscale boutique restaurant is located in the heart of the historic Museum District. Boasting a high-end check average this business has stayed consistently strong throughout its lifetime. The restaurant specializes in an extensive wine list and American Bistro fare. This is a turnkey operation for the new owner.
High traffic location in the heart of Carytown. Straight lease - extremely tenant friendly! Must sell quick, seller has health issues.
Spoiler: This one has a picture. It’s old Asian Galaxy. Current Evo - Fine Sichuan Cuisine - Asian Restaurant For Sale - $150000 (Forest Hill Ave Richmond)
Great and prefect location for Asian restaurant business !!!
Sale for $150,000.00 only
This cozy Greek restaurant in the near West End of Richmond has been a staple for many years. There is a solid regular base of customers. One has to just walk into this business, continue the great customer service and great food to be a success.
Spoiler: This one has a picture and the address listed. It’s Goree. African Restaurant For sale - $30000 (Richmond Downtown )
This a great opportunity for the right person to own a business, because we're are selling our African Restaurant located on 1823 E. Main Street Richmond Va. 23223.
This restaurant includes everything you need: A fully loaded kitchen, a large basement, a lounge area,two bathroom area, Ac/ Fans and so much more.
This all-purpose kitchen is fully equipped to serve a wide variety of dishes in order to help better maximize your profit potential.
Beautifully built out restaurant and bar with well-maintained equipment and furnishings. Approximately 2700 SF and plenty of parking.
This is a very active for lunch, dinner, and nightlife! LOTS of traffic -- both foot and auto
Prime location - great lease! Two kitchen areas, two bars, custom tables and detailed tile work. Owner would entertain an option of partnership.
Seafood Restaurant for Sale in the Midlothian/Chesterfield County area. Serious inquiries only.
Strong Southside traffic count profile for this location, the current sales number is based on road side advertising only!
Average sales over $18K per month
New kitchen equipment No leased equipment
Current Assets $87,003.40
The building was completely renovated in 2010 to include HVAC, electrical, and roof.
main dining room and tavern downstairs (hardwood floors)
private dining room for 50 upstairs (carpeted, with private bathrooms and office)
2 screened in porches
fully-equipped clean, organized kitchen
vegetable / herb garden on premises
3,000 sq ft building that sits on 5 acres of well-manicured grounds
can tent out to accomadate groups of up to 450
2,500 / month rent
excellent cash flow
BBQ and Seafood Restaurant for sale Open 1 yr new equipment and hood system original cost $90,000.00 in great shape owners opening franchise in another city serious inquires only 804-928-1398
equipment included ice machine 2 deep fryers grill 6 burner stove all natural gas 3 compartment sink stainless steel tables refrigerators freezers turnkey operation ready to make money $45,000.00 or best offer no money dont call rent only $1345.00 a month includes water bill and all cam fees
2yrs left on lease
This is a fully equipped starter restaurant. Are you a chef looking for his own place? Been in the business but want your own place then this is IT. Over 1900 sq. ft. large kitchen, great catering room, seats 60, small bar and too much equipment to list. A must see in the WEST END. You could be in business next week. Chef Russell needs to move on and he has made this a bargain deal. Lots of traffic just waiting for you. Only 25,000 gets it all. No deal like this in WEST END. Call 804 402-1227 it will not last long.
PRICE REDUCED for QUICK SALE.
This brand new seafood deli was opened February 2011
Converted McDonald's at a prime location
Owner must sell despite continuously increasing margins due to
This is not your typical restaurant or bar. The building is a city landmark, a former bank, circa 1930s. It has been completely refurbished and is now a state of the art food service operation, watering hole, special events facility and night club. The business philosophy is to have a facility, and staff, that can adapt to the needs of the customer. Can accomodate almost any type of special event or can oprate as an upscale bar, restaurant or night club.
Facilities: 8,000 square feet of rental space in downtown central business district. About 6,000 square feet on the first floor, another 2,000 on the mezzanine, a second level. Great lease. Rent has been reduced to only $5.25 per square foot annually due to the soft economy! Accommodating, reasonable landlord willing to assign present lease to a new owner or negotiate a new lease in the $5.25 to $7.50 per square foot range, with renewal options, even an option to purchase the real estate. Beautifully refurbished. The space was renovated in 2008.
Incredible Restaurant Business Opportunity. In a Prime Location, in high traffic area.
For Sale or Lease. Fully equipped.
Owner will consider financing to the right qualified person.
When responding to this listing please include the following or your email will not be answered.
Years of Experience in Restaurant or Business (if applicable)
A short summary of your experience or expectations.
Restaurant for Sale: Fine Dining - $475,000*same as above??
Gross profit of over $500,000 last year! We are offiering this truly one of a kind fine dining restaurant!
- Night Club
- Building Industry
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