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Locally Owned Profitable Casual Restaurant for sale in Virginia Beach City, VA

Virginia Beach City, Virginia (VA)

Asking Price: Gross: Cash Flow:
$ 395,000 $ 766,813 $ 187,155

Furniture and Fixtures Value:
$ 75,000 (included in the asking price)

Inventory Value:
$ 9,000 (included in the asking price)

Business Summary:
Lender Pre-Qualified!This well established Casual Restaurant opened itís 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. Itís 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.

 

   
Year Business was Established: 2015
   
Number of Employees: 1 FT / 12 PT  
   
Facilities / Terms of Lease: 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.  
   
Potential Growth/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.  
   
Owner willing to finance: Lender pre-screened with $79,000 down  
   
Owner willing to train: Will train for 2 weeks @ no cost  
   
Reason for selling: Owners are retiring.  
   
Seller Reference Number: 2007-16002
BusinessMart.com Listing Number: 262174
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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