Romantic restaurant on Middle Peninsula 974241-DB

Not Disclosed, VA

Asking Price: Annual Revenue:
$99,000 $432,835

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Romantic restaurant on Middle Peninsula 974241-DB Broker: Douglas Brown
Owner Financing is Available!
Owner Financing Terms $39,000.00 Owner Financing Interest 9% Owner Financing Terms Months 36 Owner Financing Monthly Payment $1,240.19

Quick Facts

Asking Price: $99,000
Annual Revenue: $432,835
Net Profit: Not Disclosed
Cash Flow: $31,876
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 8
BBN Listing #: 896643891
Broker Reference #: 9525-974241

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Business Overview:

Perfect for business, family or romantic occasions, this restaurant has a strong reputation and has many regular guests drawn from a 30-mile region. The owners have not been able to devote full-time attention to it. A new owner could rapidly increase revenue just by opening more days and resuming lunch service. Priced very reasonably given the proven revenues and profits.

One of the few restaurants of this caliber for 20 miles and more
Easy growth just by opening more days a week and offering lunch.

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Reason for Selling:

Health issues.

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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