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Business For Sale

Restaurant with Assets 2 Apartments and Real Es...

Hampton Roads, VA

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$499,000
$220,000
Not Disclosed
$50,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
2000
6
227329657

Business Overview:

This is a unique chance to own a business in a vibrant historic downtown setting with all types of activity including but not limited to: Courthouses, municipality buildings, shopping, lawyers offices, etc. In addition, you can take residency above or beside your business with extra properties that accompany the purchase. The current owners operate as an upscale fine dinning 5-night a week restaurant model. For the past four years they have been very successful, for the new owners there is growth potential in tapping into the lunch hours and converting to a casual dining formula. Previous rent collected was $900 a month per finished, ready to move-in, air-conditioned 2 bedroom apartment. 3rd party financing can be available. Take advantage of this one-of-a-kind deal and become your own landlord and never worry about your rent having to increase. Current revenues will cover the debt service with some left over. For a confidential special showing, please contact Fouad Mohit on his cell at 757.237.2301 or by email at fouad@sunbeltnetwork.com MainStreet Commercial Licensed VA Brokerage

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Reason for Selling:

Relocation

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.