Successful Restaurant Offers Top-Quality Food - Florida

Featured on BizBuySell.com . 29 viewed

Asking Price

$950,000

FOR SALE - ACTIVE

Detailed Information

Location

Virginia Beach City County, VA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

This long-established upscale restaurant offers top-quality steak, fish, pasta, wines, and cocktails in a prime location with an inviting outdoor patio. Operating successfully for over a decade, the restaurant caters to a niche market and benefits from a capable staff that oversees daily operations. Despite being open for just five hours a day, the restaurant has maintained a strong profit margin, presenting ample opportunities for expansion. Under the current absentee ownership, this restaurant presents significant growth potential due to its limited operating hours. With a well-established reputation and a loyal customer base, the restaurant stands out for its high-quality offerings and unique ambiance. There is room for further development in terms of extended hours of operation and potentially introducing new menu items or services to further enhance the business's profitability. This successful restaurant has become known for its exceptional food and atmosphere, making it a popular choice among diners seeking a premium dining experience. With strong profit margins and the support of a dedicated staff, the restaurant is well-positioned for continued success and

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Listed By:

Name : Tim Johnson

Phone Number : Show Phone number

Tim Johnson typically replies in about 7 minutes

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