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Business For Sale

RESTAURANT W/ REAL ESTATE ON BUSY ROADWAY

Attn: Ross Weinstein
Newport News, VA, USA
Listing Number: "1022"
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Asking Price: $950,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Retirement
 

Business for Sale Overview:

Currently a highly visible operating restaurant on Jefferson Avenue. Along with the property comes a fully equipped restaurant, and the ABC license. The restaurant has a seating capacity of 340. The 6,000 sq. ft. building sits on .77 acres and can be purchased separately for $750,000 or in conjunction with the adjacent .52 acre parcel for $950,000. Both parcels are zoned C-1 commercial allowing for a variety of retail and office uses. With 291 sq. ft. of frontage and 51,000 cars per day traffic count, this is an excellent property w/ business for the price.


Property Features and Assets:

6,000 sq. ft. freestanding restaurant building saeting 340 on a .77 acre lot on Jefferson Aveenue. Also the adjacent .52 acre lot can be purchased for $200,000. Together it totals 1.29 acres, w/ 291 sq. ft. of frontage on Jefferson Ave.


Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • The owner may be willing to work for the new owner.
  • This may become a homebased business opportunity.
  • This may become a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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