Local Sushi & Bubble Tea Restaurants Coming Up for Auction
The Owners of Sushi Box and Crush Bubble Tea Restaurants are retiring and auctioning their operating restaurants with all the equipment in place.
Dudley Resources is pleased to present, via online and onsite auction, 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.
The Sushi Box is a 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 Point of Sale system 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.
Also being offered is the newly established Crush Bubble Tea, located next to Firebirds Wood Fired Grill within the Shoppes at Belvedere at 11436 Belvedere Vista Ln., Richmond, VA 23235. This newly renovated space features brand new flooring, brand new restaurant equipment and so much more. Additionally, this restaurant turned a profit in its first year of business, reflective of the strong demand for the products, the excellent location, as well as the potential to grow and expand the business moving forward. The current lease began on January 24, 2018 and has three years remaining with renewals available after the original lease term.
The possibilities are endless, all it needs now is an owner with a vision to maximize the value of the bubble tea concept in a prime, highly dense commercial and residential pocket of the Richmond-Midlothian area. The open floor plan would allow for other potential uses as well, including coffee shop/bar, dessert bar, ice cream parlor & more!
Auction date for both restaurants are set for March 25th 2020 starting at 10 AM. Potential bidders can bid online or onsite at the restaurant locations. Click Here to View Auction Listing.
Video Walkthrough of Each Business: