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Businesses For Sale > Business For Sale in Virginia (VA)
Upscale Restaurant in South Hampton Roads for sale in VA
Virginia (VA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 425,000 |
$ 1,620,678 |
$ 117,993 |
Furniture and Fixtures Value:
$ 48,749 (included in the asking price)
Inventory Value:
$ 14,000 (included in the asking price)
Real Estate:
(not included in the asking price)
Business Summary:
Upscale Casual Restaurant in a High Traffic Area in South Hampton RoadsEstablished for more than fifteen years, this highly rated, full service, upscale casual restaurant occupies a prime position in a busy South Hampton Roads shopping center. It has become a go to destination for locals and visitors alike, a place where large groups, families, and couples gather for conversation, connection, and consistently excellent food. With over 1,500 Google reviews and a 4.6 star rating, the restaurant enjoys a loyal following and strong brand recognition.Concept & Guest ExperienceThe restaurant offers a relaxed tavern atmosphere featuring American fare, a self serve wine station, and patio seating. The interior is thoughtfully designed with a warm, inviting aesthetic and a layout that supports both efficiency and ambiance. Key features include:· Open flame fire deck oven· Open kitchen concept· Self serve wine station· Covered and enclosed patio with unique seating options· Seating for 100+ guests across approximately 3,000 sq. ft.The build out is exceptional, with a distinctive design that reinforces the restaurant’s strong reputation and enhances the overall dining experience.Performance & OperationsAnnual revenue consistently exceeds $1.5 million, supported by a well structured operation and a seasoned team. Discretionary earnings surpass six figures, and the current staffing model allows the owner to focus on strategic oversight rather than daily operations. The business is truly turnkey, with systems, processes, and personnel in place to ensure continuity. A new owner can step in smoothly, and the current owner is committed to providing transition support.
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| Year
Business was Established: 2010 |
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| Number of Employees:
7 FT/22 PT |
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| Facilities / Terms of Lease:
The restaurant offers a relaxed tavern atmosphere featuring American fare, a self serve wine station, and patio seating. The interior is thoughtfully designed with a warm, inviting aesthetic and a layout that supports both efficiency and ambiance. Key features include:
· Open flame fire deck oven
· Open kitchen concept
· Self serve wine station
· Covered and enclosed patio with unique seating options
· Seating for 100+ guests across approximately 3,000 sq. ft.
The build out is exceptional, with a distinctive design that reinforces the restaurant’s strong reputation and enhances the overall dining experience.
Located in a highly sought-after shopping center just off the corner of a major intersection, this premium restaurant space offers exceptional visibility and accessibility. The property features 3,200 square feet of well-designed dining space with a maximum capacity of 150 guests. Over 80 seats in the main dining area 12 seats at the bar Over 30 seats on a covered and enclosed patio The lease averages $7,600 per month, inclusive of CAM fees. |
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| Potential
Growth/Expansion:
· An owner operator seeking a profitable, established restaurant with strong community presence
· A multi unit operator or expanding brand looking to secure a premium location in a high demand retail corridor.
· A buyer who values a proven concept, exceptional build out, and stable financial performance |
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| Owner
willing to finance:
Lender pre-screened with $42,500 down. |
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| Owner
willing to train:
Will train for 2 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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Seller Reference Number: 2007-19342
BusinessMart.com Listing Number: 321050 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
 Evelyn Correa
Murphy Business & Financial Services
727-725-7090
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