Business To Buy

Family Restaurant with gourmet Flair

Virginia Beach, Virginia
A chic “more-than” Breakfast and Lunch with gourmet flair! Started and operated as a deli for 8 years, this local B & L has a great fan-base with established branding. Open 7 days a week from 7AM to 3PM the facility, which was fully remodeled at in 2014, offers seating for 66 and includes a bar and full ABC license. The restaurant is 1500 square feet, at a reasonable $2,000 per month. A loyal, experienced and well trained staff, with both front of the house and back of the house managers, has this place hitting on all cylinders and can support a fire-and-forget turn-key approach if the new owner wishes. The menu is a blend of regional favorites and eclectic takes on comfort food: Three-decker Reubens, Crab and Bacon Eggs Benedict, fresh squeezed mimosas, chocolate chili, and vegan/ gluten free platters to name a few. The staff has been involved in the creative process and given the opportunity will continue to put together creative offerings. During summer months, this restaurant easily expands into dinner hours with current menu– the demand is there. This restaurant is located in the most affluent area of Virginia Beach and receives concurrent foot traffic with several other successful restaurants nearby. The owner was recently offered a very prestigious business opportunity that will not permit him to keep the restaurant. Dinner service will complement an operation with a monthly gross income in excess of $25k. The owner is motivated, but will assure a buyer a smooth transition into the operation and offer some level of financing for the right buyer candidate. For more information call Tom Fox, Advanced Business Brokerage, at 757-270-3291, or email at: tfox@advancedbusinessbrokerage.com

Financials

Price: $105,000
Gross Income: $319,000
Cash Flow: $30,000
FFE: $40,000
Inventory: $5,000
Real Estate Value: $0

About the Business

Office Reference ID: #1546
Year Established: 2005
Financing: seller provided
Training: seller will provide
Facilities: newly renovated
Competition:
Growth:
Business Listed By
Name: Frank Chebalo, CBI, ABI, CMSBB, CBC
Company: Advanced Business Brokerage
Phone: 757-967-7249

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Business Listings by: Frank Chebalo, CBI, ABI, CMSBB, CBC

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