Beautiful Fan District Restaurant/Bar with Real Estate & 2 apartments

Richmond, VA
Great restaurant and Real Estate.
Asking Price:$200,000
Real Estate:$1,500,000
Gross Revenue:$894,189
BUSINESS DESCRIPTION

Rare Fan District Gem!

Filament is proud to offer every Chef/Restaurateur’s dream - a well laid out, fully realized restaurant and its own building in a prime location. Move right into an elegant 75 seat dining room and bar, a fully equipped kitchen, plenty of basement storage, and two income generating apartments upstairs. Take advantage of supportive neighbors and the kind of brand loyalty that only great operators can inspire. Whether you’d like to keep the existing proven concept or create your own, this space offers the bones, amenities and style that withstand the test of time. At 2000 square feet, this space is small enough to feel comfortable, but big enough to accommodate a full staff, large parties and hundreds of diners a day.

Unlike many small, legacy restaurants in the area, this one is organized with employees in mind. Multiple ranges fire up the cook-friendly kitchen with a new poured concrete floor. The walk-in sits right off the multiple range line, with a dish pit just steps away. Whether you want to make pasta, cure meat or spin gelato, this kitchen comes with all the toys. The bar serves a dozen patrons with a well respected craft cocktail program and award winning wine list drawn from an ample basement cellar. The well-appointed, exposed brick dining room offers multiple seating options with room to operate. Owning the building has allowed the owners to make necessary improvements to all structures and systems while keeping up with preventative maintenance.

The right buyer will understand that owning the building is the key to stability, control and appreciation over time. The sellers are looking for a buyer who cares about continuing the legacy of providing their loyal clientele excellent food, beverage and service. They are willing to train the right buyers; and all IP, including recipe books, conveys. Sellers are seeking to pursue other ventures.


DETAILED INFORMATION
Location
Richmond, VA
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
5,500
Facilities
Apartments (1 bdr and 3bdr)and restaurant are currently paying below market. Listed NOI is at market. Actual current NOI $70k
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Daniel
Scherotter
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Daniel Scherotter