BUSINESS FOR SALE, NOT A REAL ESTATE TRANSACTION
$120,000 — Asking Price
Location: City of Richmond, VA
BUSINESS OVERVIEW:
Established elevated American restaurant and cocktail bar in prime Fan District location. Exceptional visibility on high-traffic corridor. Turn-key operation with full infrastructure in place, ready for immediate transition.
FINANCIAL SNAPSHOT:
- Location Type: High-visibility building on major thoroughfare
- Building History: Decades of successful restaurant/bar operations at this location
- Revenue Model: Dinner service, weekend brunch, late-night bar business
REVENUE DRIVERS:
Dinner Service: Elevated American fare and creative cocktails draws dining crowd
Brunch: Weekend brunch service captures neighborhood demand
Late-Night: Full bar open until 2am on weekends captures after-hours traffic
Happy Hour: Daily specials drive consistent early evening business
Multiple dayparts create revenue diversification across the week.
COMPETITIVE ADVANTAGES:
Corner Location: Exceptional visibility at intersection on major Fan corridor. Heavy foot and vehicle traffic.
Turn-Key Operation: Fully equipped kitchen, multiple beer and liquor taps, full bar setup. Ready for immediate operation.
Established Building: Location has hosted successful restaurants and bars for decades. Built-in neighborhood recognition and customer awareness.
Late-Night License: 2am closing on weekends provides competitive advantage in the market.
OPERATIONS:
- Full bar with craft cocktail program
- Kitchen equipped for elevated casual dining
- Toast POS and online ordering operational
- Validated parking available
- Established vendor relationships
- Weekend brunch and late-night service models in place
GROWTH OPPORTUNITIES:
- Expanded Brunch: Current weekend-only brunch could extend to weekdays
- Private Events: Intimate space suitable for buyouts and private parties
- Catering: Kitchen infrastructure supports off-premise catering
- Owner-Operator Model: Motivated seller creates opportunity for hands-on buyer to optimize operations
LOCATION CONTEXT:
The Fan is one of Richmond’s most desirable neighborhoods – 85 blocks of historic Victorian homes, young professionals, and over 80 restaurants and bars. Dense residential population with strong walkability. Adjacent to VCU creates additional foot traffic. The Fan’s reputation as a dining and nightlife destination drives consistent customer flow to established locations.
IDEAL BUYER:
- Experienced restaurant/bar operator
- Hospitality professional seeking established location
- Chef-operator wanting turn-key kitchen
- Entrepreneur with cocktail/bar background
- Owner-operator who can maximize hands-on presence
WHY THIS WORKS:
This location has supported successful food and beverage operations for decades – the building itself is a proven restaurant asset. Current ownership is motivated to sell, creating opportunity for the right buyer to acquire turn-key operation in premium location. High visibility and late-night license provide competitive advantages difficult to replicate.
CONFIDENTIALITY:
Confidential listing. Business name and specific location disclosed to qualified buyers after NDA execution. Complete financials available to serious inquiries.
| Price: | $120.000 |
| City: | Richmond |
| County: | VA |