Premium Waterfront Restaurant For Sale
Virginia

Take advantage of this rare opportunity to own a newly built, 7,000 sq ft oceanside restaurant available as an asset sale. This prime location rarely becomes available! In 2023, the restaurant achieved gross sales exceeding $1.9 million and continues to deliver exceptional service and food in 2024. You have the flexibility to maintain the current concept or transform it into your own vision, with over 200 seats both indoors and outdoors. This turnkey establishment comes with seller financing options, including all goodwill, the restaurant’s name, contact information, and management. Ideal for an experienced buyer, this opportunity allows you to enter the multi-million dollar restaurant industry with minimal upfront investment.

Listing Number:

23541

Category:

Food - Restaurant

Location:

Virginia
$399,000

Financial Information:

Gross Revenue:

$2,794,364

Listed Price:

$399,000

Down Payment:

$0

Total Income:

$0

Year Established:

2020

Lease Information:

Square Feet:

7596

Total Rent:

$34,815

Lease Expiration:

N/A

Lease Options:

2 x 5 year options

Asset Information:

Leasehold Improvements:

$2,000,000

Equipment / Fixtures:

$500,000

Inventory:

$4,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

0

Special License Required:

ABC and Food Handling

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

N/A

Hello World

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell: (757) 741-8797
License #:

By clicking the button, you agree to First Choice Business Broker Terms of Use and Privacy Notice

brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell: (757) 741-8797
License #:

By clicking the button, you agree to First Choice Business Broker  Terms of Use and Privacy Notice

Premium Waterfront Restaurant For Sale
Virginia

Listing Number:

23541

Category:

Food - Restaurant

Location:

Virginia

Listed Price:

$399,000
brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell: (757) 741-8797
License #:
Take advantage of this rare opportunity to own a newly built, 7,000 sq ft oceanside restaurant available as an asset sale. This prime location rarely becomes available! In 2023, the restaurant achieved gross sales exceeding $1.9 million and continues to deliver exceptional service and food in 2024. You have the flexibility to maintain the current concept or transform it into your own vision, with over 200 seats both indoors and outdoors. This turnkey establishment comes with seller financing options, including all goodwill, the restaurant’s name, contact information, and management. Ideal for an experienced buyer, this opportunity allows you to enter the multi-million dollar restaurant industry with minimal upfront investment.

Financial Information

Gross Revenue:

$2,794,364

Listed Price:

$399,000

Down Payment:

$0

Total Income:

$0

Year Established:

2020

Lease Information

Square Feet:

7596

Total Rent:

$34,815

Lease Expiration:

N/A

Lease Options:

2 x 5 year options

Asset Information

Leasehold Improvements:

$2,000,000

Equipment / Fixtures:

$500,000

Inventory:

$4,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

0

Part-Time Employees:

0

Special License Required:

ABC and Food Handling

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

N/A

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.