Business For Sale

Well Established Breakfast/Lunch Restaurant

Norfolk, VA
Norfolk City County


Asking Price: Annual Revenue:
$500,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Well Established Breakfast/Lunch Restaurant Broker: Nicholas Renesis

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1962
Employees: 20
BBN Listing #: 110353999
Broker Reference #: Not Disclosed

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Business Overview:

Breakfast/lunch American casual restaurant is a 56 year old same family owned restaurant with over 1 million dollars in gross revenues and has a great long standing reputation with a strong local and military following. Located within in miles of the largest Naval Base in the world, this newly (2016) renovated 85 seat restaurant has a full bar with 8 seats that could easily add a dinner menu to it's business. The kitchen has the capability to handle any type of dinner business. The dining room has been decorated to transition in to dinner with the ability to serve upscale fare in a warm cozy atmosphere or it can be utilized as a brighter family casual restaurant.

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Property Features and Assets:

All kitchen equipment,furniture, booths, lighting,etc. was installed new in 2016. The kitchen line consists of 2-36" flattops, 1-42" flattop, 2-43lb floor fryers, 1-6 eye vulcan gas stove with oven, a double convection oven, 1 large steam table, 1 infrared salamander, 3-4 door cooling units under the flattops, 2 True sandwich units, 1 sliding 2 door True refrigerator, 1 single door freezer. A 25'x8'x8' walk-in box consists of a 15' cooler and a 10' freezer. High end Homer Laughlin china. Fire suppression system installed new over entire 24' hood system. Toast POS system that is restaurant specific with inventory capabilities & real time reporting.

Reason for Selling:

Retiring

Additional Details:

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

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