Family Owned & Operated Italian Restaurant

Not Disclosed, VA
Virginia Beach City County

Virginia Beach City

Asking Price: Annual Revenue:
$95,000 $240,900

Food & Beverage: Restaurants, Fast Food, Deli

Request More Information
Contact the Seller

RE: Family Owned & Operated Italian Restaurant Broker: Frank Chebalo

Quick Facts

Asking Price: $95,000
Annual Revenue: $240,900
Net Profit: Not Disclosed
Cash Flow: $4,044
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 8
BBN Listing #: 37454955
Broker Reference #: 2007-14827

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

Family Owned and Operated Italian Restaurant and Pizzeria. In business over 35 years this family business has had a strong presence in the Hampton Roads Community. Through the years the business expanded to multiple locations and is now downsized to one remaining stand alone location. The location is a newly remodeled sizable footprint with seating for 120 patrons including a large kitchen and separate service area in 3,600 square feet. The location was established and renovated last year and launched in May. So a relatively new location with a tremendous history and longevity. The restaurant operates six days a week with three key employees and a wait staff. When this business started 35 years ago the family’s philosophy and underlying approach was to prepare and serve well prepared Italian dishes and educate diners into developing a taste for the Italian approach to dining. Their goal was and is for people to visit and experience a good meal, in a good atmosphere. Thirty-Five years in the business says something for having accomplished their goal. The lease is reasonable for the space and location at $5,000 per month, and the current business owner owns the property. So conveying and negotiating a lease should be an easy enough process. Circumstances outside of the owners control has created the need to sell the operation and as a result, time is of the essence and the business has been priced for a quick sale.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Total Assets Included: $68,500.

Reason for Selling:


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.

Relevant Links:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!