Family Owned & Operated Restaurant

Virginia (Virginia Beach City)

  • Asking Price: $95,000
  • Gross Income: $240,900
  • Cash Flow: $4,044
  • Real Estate: Not Disclosed
  • Inventory: $8,500
  • FF&E: $60,000
  • Listing ID: #213157
  • Established: 2007
  • Employees: 3FT /5PT

Business Description

Family Owned and Operated Italian Restaurant and Pizzeria. In business over 35 years this family business has had a strong presence in the Hampton Roads Community. Through the years the business expanded to multiple locations and is now downsized to one remaining stand alone location. The location is a newly remodeled sizable footprint with seating for 120 patrons including a large kitchen and separate service area in 3,600 square feet. The location was established and renovated last year and launched in May. So a relatively new location with a tremendous history and longevity. The restaurant operates six days a week with three key employees and a wait staff. When this business started 35 years ago the family’s philosophy and underlying approach was to prepare and serve well prepared Italian dishes and educate diners into developing a taste for the Italian approach to dining. Their goal was and is for people to visit and experience a good meal, in a good atmosphere. Thirty-Five years in the business says something for having accomplished their goal. The lease is reasonable for the space and location at $5,000 per month, and the current business owner owns the property. So conveying and negotiating a lease should be an easy enough process. Circumstances outside of the owners control has created the need to sell the operation and as a result, time is of the essence and the business has been priced for a quick sale.

Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3FT /5PT

Financial Information

Asking Price: $95,000
Gross Revenue: $240,900
Cash Flow: $4,044
FF&E: $60,000
Inventory: $8,500
Seller Financing Available: No

Property Information

Reason for selling:


Support & Training:

Will train for 2 weeks @ $0 cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Frank Chebalo

Murphy Business Brokers