Sunbelt Business Advisors | Buy A Business | Texas

Richmond: 804-673-8044 Email: broad@sunbeltrichmond.com

Virginia Beach Resort Area Restaurnt for sale

Listing ID:
RICHMVA001-N1454

Description:

This 125 seat resort restaurant is located on one of the most desirable major oceanfront arteries. The location is surrounded by high density housing occupied by residents with lots of disposable income which is what makes the location so desirable. Currently, the business only serves breakfast and lunch by the owner choice. The interior and exterior of this freestanding building was renovated and infrastructure improved four years ago and is casual and very attractive. The new patio seats 25 and is easily enclosed for year round dining. The seller will provide some owner financing to a qualified restaurant buyer.

Seller Financing Available   

Financials:

Industry: Restaurants | Bars | FoodService
State: Virginia
City: Virginia Beach
Annual Revenue: $450,000
Asking Price: $125,000
Annual Cash Flow: $70,000
Listing Agent: Charles Broadwater, Jr.
Phone: 804.673.8044