Business For Sale

Restaurant-Bar (1.5 Million Revs & Absentee Owner)

Virginia Beach, VA
Virginia Beach City County

Chic's Beach area of Virginia Beach

Asking Price: Annual Revenue:
$295,000 $1,500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant-Bar (1.5 Million Revs & Absentee Owner) Broker: Ross Weinstein
Owner Financing is Available!

Quick Facts

Asking Price: $295,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 22
BBN Listing #: 66309072
Broker Reference #: 1003

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Business Overview:

This well established Chic's restaurant-bar has it all; strong revenues and profits, limited hours of operation and a beautifully appointed facility in a fantastic location. The totally turnkey restaurant is widely known and has a loyal customer base and following throughout Hampton Roads.

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Property Features and Assets:

The property description, lease and location info will be given with a confidentiality form in place.

Market Competition and Expansion:

The restaurant is in a large upper-middle class income neighborhood that is a captured audience, in that it is one of only a few restaurants within walking and biking distance.

Reason for Selling:

Owner focused on other business pursuits.

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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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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