MergerPlace

Locally Owned Profitable

Virginia (Virginia Beach City)


  • Asking Price: $395,000
  • Gross Income: $766,813
  • Cash Flow: $187,155
  • Real Estate: Not Disclosed
  • Inventory: $9,000
  • FF&E: $75,000
  • Listing ID: #223949
  • Established: 2015
  • Employees: 1 FT / 12 PT

Business Description

Lender Pre-Qualified!

This well established Casual Restaurant opened it’s 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. It’s 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.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 2015
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 12 PT

Financial Information

Asking Price: $395,000
Gross Revenue: $766,813
Cash Flow: $187,155
FF&E: $75,000
Inventory: $9,000
Seller Financing Available: No

Property Information

Facilities:

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.

Growth & expansion opportunities:

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.

Reason for selling:

Owners are retiring.

Support & Training:

Will train for 2 weeks @ no cost

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Business Listed By:

Frank Chebalo

Murphy Business Brokers