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Established, Semi-Absentee, Take Out Restaurant For Sale

Chesapeake, Virginia, US
Asking Price:
$676,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$758,121
Cash Flow:
$265,934

Rare opportunity to acquire a deeply rooted, highly reputable food business with over 30 years of continuous operation and a loyal customer following. This semi-absentee operation features two captive locations in a busy, centrally located plaza with steady daily traffic and strong visibility. The business has built a trusted name in the community and enjoys consistent repeat patronage.

Highlights: 2 high-traffic, captive sites in a thriving central plaza , 30+ years in business with a strong local reputation, semi-absentee structure in place, new equipment recently installed — modern, efficient, and ready to support growth, lean staffing model with low headcount and manageable operations, well-established systems and menu that travel well across both sites, consistent business supported by location-driven demand.

Property Information

Real Estate:

Lease

Lease Terms:

1 - Unlimited

Leasehold Rent:

$100 per annum

Location:

One location is situated outside Lowe’s under a one-year lease that automatically renews annually. Operates under a license agreement, not a franchise, with no royalty fees.

Size in square feet:
2x mobile stalls, 96 sq ft

Business Operation

Expansion Potential:

Opportunities include adding breakfast service, increasing advertising, extending hours of operation, and offering delivery services.

Competition / Market:

Operates within a competitive restaurant market while standing out due to long-term presence and consistent customer loyalty.

Reasons for selling:

Other business and personal interest and need to relocate

Trading hours:

10am-8pm. Open 7 days a week

Employees:
7 (1 Full-time, 6 Part-time)
Years established:
1997

Other Information

Support & training:

2 Weeks

Financing available:

TBD

Furniture / Fixtures value:
$90,000 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price