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Confidential For Sale

Virginia Beach, Virginia
Asking Price:
$190,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$350,000
Cash Flow:
Available on request

Location, Location, Location, this full service restaurant is located on an exquisite busy corner in the heart of the major tourist section of Virginia Beach, VA. With over 13 million tourists coming to the area each year to visit the beaches, conventions, sporting events, and wonderful boardwalk, this restaurant is directly located across some major hotels. Opened in 1993, the owner’s have successfully operated this restaurant and are simply selling to retire. Serving breakfast, lunch, and dinner, they have provided many locals and tourists a great place to eat great food with affordable pricing. With new energy and new ideas, the new owner’s dream to be self-employed and to have a successful business can be fulfilled by obtaining this business. Owners consistently have been opened May through early October each and every year, but ready to pass this opportunity to a new owner/entrepreneur as they head towards retirement years. This restaurant allows some good time off to seek a hobby or to operate a winter business for the true entrepreneur. 66 seats inside and 30 outdoor patio seats. Call Gary Layne with Sunbelt Business Brokers at (757) -------- or ------@--------------.---.

Property information

Real Estate:

Lease

Premises Details:

6500.00

Size in square feet:
2000 sq ft

Business Operation

Expansion Potential:

With a new owner, comes new energy, which leads to new ideas at a restaurant that has already proved itself by being in business for over 25 years. Growth has so much potential.

Competition / Market:

There is always competition in the restaurant arena especially in a resort city. However, same owner for over 25 years, do we need to say more? Location, Location, Location, is the key to this restaurant's success along with family ownership.

Reasons for selling:

Family owners are retiring.

Trading hours:

Days: Monday thru Sunday, Hours: 7am to 9pm

Employees:
Full Time: 15
Years established:
26

Other Information

Support & training:

Family members are willing to train for a period of time.

Financing available:

Owner willing to provide some owner financing.

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$2,500 - included in the asking price

Contact Information

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