Full Service Restaurant

Virginia Beach, VA
Virginia Beach City County

Asking Price: Annual Revenue:
$190,000 $350,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Full Service Restaurant Broker: Gary Layne
Owner Financing is Available!

Quick Facts

Asking Price: $190,000
Annual Revenue: $350,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 15
BBN Listing #: 523338939
Broker Reference #: HAMPTVA001-N1643

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Business Overview:

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.

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Reason for Selling:

Family owners are 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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