Chili's Grill & Bar

Not Disclosed, VA

Hampton Roads

Asking Price: Annual Revenue:
$850,000 $1,575,411

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Chili's Grill & Bar Broker: Frank Chebalo

Quick Facts

Asking Price: $850,000
Annual Revenue: $1,575,411
Net Profit: Not Disclosed
Cash Flow: $211,581
Total Debt: Not Disclosed
FF&E: $439,159
Real Estate: Not Disclosed
Year Established: 1975
Employees: 52
BBN Listing #: 55954955
Broker Reference #: 2007-16966

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Business Overview:

Strategically located in a primary city in Hampton Roads Virginia, this Family oriented Restaurant Chain location has been operating over 13 years. It’s a major brand with global recognition and a history spanning nearly 50 years. The length of operating time behind this brand is a complement to their leadership’s understanding that guests are as unique and diverse as the communities they serve. The brand has an evolved and focused culture which allows for the inclusion of diversity at the individual and community level. So, a global brand with a community focus. Quite an accomplishment. The brand celebrates veteran hiring, career training, and women in leadership just to name a few aspects where these unique perspectives leverage the brand to enrich a guest experience. And, at the end of the day, it’s about the experience the guest enjoys which encourages them to become regular and return customers. Clearly this business is ingrained in the community and surrounding culture.

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Property Features and Assets:

This location specifically spans 6,000 square feet, and in 2009 was completely renovated to their brand specifications updating all the kitchen equipment and interior customer space. This constituted an investment just south of $1.5 million and since inception the space and equipment has been meticulously maintained. Further, the operation functions with a staff of 42 full time employees, 10 part time employees, and 4 Managers. Assets = $466,453

Reason for Selling:

Business Ownership Strategy Change.

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 a franchise resale opportunity.

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