NOT DISCLOSED, Virginia
| Asking Price |
$249,000 |
Year Established |
2020 |
|
| Annual Revenue |
$719,338 |
Reason for Selling |
Retiring after building and operating a successful, well-regarded business. |
|
| Annual P/L |
$0 |
Attention |
Thomas Gaudet |
|
| Annual Cash Flow |
$120,803 |
Listing Number |
1014279 |
|
| # of Employees |
13 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
A well-established, profitable, award-winning independent restaurant in the Hampton Roads region of coastal Virginia, with a loyal, repeat customer base and a strong local reputation built over several years of steady growth. The business runs a lifestyle-friendly schedule with no late-night hours, is fully staffed with an experienced team and management already in place, and does not depend on the owner day to day. It is turnkey, profitable, and cleanly documented, with clear room to grow. Full details are available to qualified buyers under a confidentiality agreement.
Property Features and Assets:
<p>The business operates from a freestanding, well-maintained leased location with comfortable indoor seating, additional outdoor seating, and its own on-site parking. The space is fully built out and equipped for immediate operation. The premises are leased and a new lease is available to a qualified buyer, with occupancy details shared during due diligence.<br></p><p>Assets = $37,500</p>
Market Competition and Expansion:
<p>The Hampton Roads restaurant market is healthy, supported by a large, growing population and steady visitor traffic. Within its segment, the business competes on reputation, consistency, and customer loyalty rather than price, and enjoys strong repeat patronage and positive online reviews. Its established brand and loyal following create meaningful barriers for newer competitors.<br></p><p>Clear, low-cost growth exists for a motivated owner: extending operating hours or adding service periods, building catering and off-site events, optimizing third-party delivery, formalizing digital marketing, and hosting private or community events. The current owner has run the business on a comfortable schedule, leaving obvious upside for a more hands-on operator. An option to acquire the real estate may also be available.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity