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Profitable Bistro Restaurant For Sale

Norfolk, Virginia, US
Asking Price:
$295,000
Sales Revenue:
$1,100,000
Cash Flow:
$230,000

Turnkey restaurant opportunity in a highly visible Norfolk location near Old Dominion University. The sale includes substantial FF&E, leasehold improvements, recipes, SOPs, marketing systems, customer database, and established private-event capabilities.

The business has historically produced significantly higher sales and is currently operating only five days a week.

Property Information

Real Estate:

Lease

Lease Terms:

Transferable, Options to renew yes.

Leasehold Rent:

$96,000 per annum

Location:

Norfolk, Virginia.

Premises Details:

Located near Old Dominion University.

Size in square feet:
6,000

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Restoring additional operating days, expanding private events, increasing utilization of the existing customer database, and improve labor and food-cost efficiency. Additional potential to grow university related traffic and event business.

Competition / Market:

Not much competition.

Reasons for selling:

Focusing on other business.

Trading hours:

W-TR 12pm - 8pm, F-S 12pm - 10pm, SU 12pm - 8pm.

Employees:
6 FT, 28 PT.
Years established:
2023

Other Information

Support & training:

2 weeks.

Furniture / Fixtures value:
$311,000