For the first time in more than 40 years, Strawberry Street Cafe is publicly for sale — the restaurant, the building and everything inside — including that famous bathtub.
The sale price is $1.375 million.
“The real estate market is so hot right now, the Richmond restaurant market is so hot right now, I thought, ‘This is the time,’” owner Ron Joseph said.
But Joseph said he’s not selling to just anyone. He plans to take his time with the sale and his primary concern is ensuring that his long-term employees will be retained by the new owner.
Strawberry Street Cafe opened at 421 N. Strawberry St. in the Fan District in 1976. Joseph was a young chef at the restaurant in 1994 when Grayson Collins, the general manager who’d been there since the beginning, asked Joseph if he wanted to partner up and buy the spot. They did. Collins retired in 2015 and sold his stake to Joseph who launched a series of changes, including menu tweaks, the rebranding of Joseph’s separate food truck business to Strawberry Street, and an interior remodel he completed last year.
The 3,540 square foot restaurant has 120 seats and 16 parking spaces in the rear of the building.
To focus on the sale, Joseph said he’s delayed the opening of his latest venture: The Waterfront Virginia — a private event and restaurant space in Urbanna, which was slated to open this summer. Joseph is looking at a possible spring opening now, but intends to revisit the plan once the sale of Strawberry Street is complete.
The sale was originally reported by Richmond BizSense.