Business For Sale

Middle Eastern Fast Casual (Absentee & Profitable)

Norfolk, VA
Norfolk City County

The Ghent section of Norfolk

Asking Price: Annual Revenue:
$549,500 $1,135,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Middle Eastern Fast Casual (Absentee & Profitable) Broker: Ross Weinstein

Quick Facts

Asking Price: $549,500
Annual Revenue: $1,135,000
Net Profit: Not Disclosed
Cash Flow: $225,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 10
BBN Listing #: 60639072
Broker Reference #: 1002

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Business Overview:

This rapidly growing Middle Eastern fast casual restaurant opened in 2014 and had immediate success selling Middle Eastern fast casual street food utilizing a Chipotle style assembly line approach that gets the typical on the go customer it's food very quickly. The customer base is very diverse and the restaurant is well known throughout Hampton Roads, and especially to the local military population as the place to get the Middle Eastern fast casual street food that they enjoyed overseas. Currently the store, which has a well paid full time manager, is operated almost completely absentee with the owner focusing mostly on systems management and rarely working in the store. The store is extremely profitable and the revenues and cash flow continue to grow at a very rapid clip. Also, the restaurant has limited hours and days of operation which is a benefit to the purchaser. The restaurant has a very strong niche business and fantastic brand recognition so it is very conducive to opening multiple locations. lastly, this very highly rated restaurant on Yelp and Facebook is totally turnkey and has a great lease and location.

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Property Features and Assets:

A recently renovated approximately 3,290 square feet space located a highly desirable/high income section of Norfolk. The highly visible store is located with frontage on a very busy roadway.

Market Competition and Expansion:

The Chipotle style assembly line approach that gets the customer it's food very quickly is driving traffic in and out of the store in a way that increases sales and profits. It also helps the store in being capable of being franchised or having multiple locations.

Reason for Selling:

Owner relocating out of area.

Additional Details:

  • The property is owned.
  • The owner is not 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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