Locally Owned Profitable Casual Restaurant

Not Disclosed, VA
Virginia Beach City County

Asking Price: Annual Revenue:
$395,000 $766,813

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Locally Owned Profitable Casual Restaurant Broker: Frank Chebalo

Quick Facts

Asking Price: $395,000
Annual Revenue: $766,813
Net Profit: Not Disclosed
Cash Flow: $187,155
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 13
BBN Listing #: 72454955
Broker Reference #: 2007-16002

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Business Overview:

Lender Pre-Qualified!

This well established Casual Restaurant opened it’s doors in 2015 and has experienced organic customer growth literally from day one. But the real measurement is the sustained incremental growth as depicted in the financials. It’s the true marker of success and in this case plots an encouraging future looking story. 2020 has been a challenging year for every business in the Hampton Roads area, and this one is no exception. But the business has prevailed and is recovering nicely suggesting that the unique formula found under the roof of this franchise operation resonates with their customers and their commercial client base. The eatery operates in a grand area, surrounded by a large residential population and additionally, nestled in a strong business and commerce area. The best of both worlds, as the business enjoys the business lunch crowd as well as families and friends. And the menu line up is unique to the facility, offering a different and special comforting twist second to none.

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Property Features and Assets:

State of the art technology allows for easy online ordering, delivery, carry-out, and curbside. Inside the Restaurant digital menu boards are complemented by a friendly layout and a warm inviting atmosphere. A comfortable spot for family, friends, and work associates to gather and enjoy a hearty meal. Assets= $84,000

Market Competition and Expansion:

This franchise operation is technologically sound and as a result will find it easy to grow on-line ordering, delivery, and catering as the facility is located in a growing residential and industrial area.

Reason for Selling:

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 a franchise resale opportunity.

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