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Full Service Restaurant For Sale

Virginia Beach, Virginia, United States
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Asking Price$190,000
Revenue$350,000 Established1993
Cash FlowUndisclosed Employees15 full-time
FF&E$50,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
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) 652-1225 or glayne@sunbeltnetwork.com.

Required Licenses: City Business License
Competition: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.
Growth 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.
Training/Support:Family members are willing to train for a period of time.
Seller Financing:Owner willing to provide some owner financing.
Sale Reason:Family owners are retiring.
Ad #103707
Seller Reference #HAMPTVA001-N1643
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Contact This Seller
Gary Layne
(757) 557-0006
Email Address