A well-established, profitable, award-winning independent restaurant in the Hampton Roads region of coastal Virginia, with a loyal, repeat customer base and a strong local reputation built over several years of steady growth. The business runs a lifestyle-friendly schedule with no late-night hours, is fully staffed with an experienced team and management already in place, and does not depend on the owner day to day. It is turnkey, profitable, and cleanly documented, with clear room to grow. Full details are available to qualified buyers under a confidentiality agreement.
- Asking Price:
- $249,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $719,338
- Cash Flow:
- $120,803
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates from a freestanding, well-maintained leased location with comfortable indoor seating, additional outdoor seating, and its own on-site parking. The space is fully built out and equipped for immediate operation. The premises are leased and a new lease is available to a qualified buyer, with occupancy details shared during due diligence.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Clear, low-cost growth exists for a motivated owner: extending operating hours or adding service periods, building catering and off-site events, optimizing third-party delivery, formalizing digital marketing, and hosting private or community events. The current owner has run the business on a comfortable schedule, leaving obvious upside for a more hands-on operator. An option to acquire the real estate may also be available.
- Competition / Market:
-
The Hampton Roads restaurant market is healthy, supported by a large, growing population and steady visitor traffic. Within its segment, the business competes on reputation, consistency, and customer loyalty rather than price, and enjoys strong repeat patronage and positive online reviews. Its established brand and loyal following create meaningful barriers for newer competitors.
- Reasons for selling:
-
Retiring after building and operating a successful, well-regarded business.
- Trading hours:
-
Tuesday-Sunday 8am-3pm
- Employees:
- 4 FT/9 PT
- Years established:
- 6
Other Information
- Support & training:
-
Will train for 6 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $24,900 down.
- Furniture / Fixtures value:
- $32,500 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price
