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5-Unit Burger King Portfolio | 3.47x EBITDA | VA & NC | $7.4M Sales |
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ideal add-on a qualified first-time multi-unit owner
5-Unit Burger King Franchise Portfolio | Virginia & North Carolina
Capital Connect is pleased to present an exceptional opportunity to acquire five (5) established Burger King franchise locations operating under Lionheart, Ltd. The portfolio includes four freestanding drive-thru units across the Portsmouth and Virginia Beach, Virginia metropolitan market, plus one freestanding drive-thru location with patio seating in Moyock, North Carolina — conveyed with fee-simple real estate included in the purchase price.
The Opportunity
This is an absentee-owned, SBA-approved franchise platform generating $7,443,003 in 2025 gross sales and $375,141 in Adjusted EBITDA, priced at $1,300,000 — representing a highly attractive 3.47x earnings multiple. Normalized earnings have been independently certified by Briana Berg, CVA, CEPA of The Valu Gap, LLC through a formal Calculation of Earnings Report. No deferred maintenance obligations exist for a period of two years from the date of listing.
The Locations
Store #1531 — 3526 Airline Blvd, Portsmouth, VA | 2,967 SF | Remodeled 2006 | 11,000 VPD
Store #1602 — 3648 Virginia Beach Blvd, Virginia Beach, VA | 3,246 SF | Remodeled 2016 | 47,000 VPD
Store #1624 — 4210 George Washington Hwy, Portsmouth, VA | 3,022 SF | Remodeled 2007 | 21,000 VPD
Store #3825 — 2708 N Mall Drive, Virginia Beach, VA | 3,084 SF | Remodeled 2006 | 32,000 VPD
Store #12831 — 101 Moyock Commons Dr, Moyock, NC | 2,900 SF | Remodeled 2017 | 26,000 VPD | Real Estate Included
Financial Highlights
2025 Gross Sales: $7,443,003
2025 Adjusted EBITDA: $375,141
2025 Net Income: $340,134
Asking Price: $1,300,000
Purchase Multiple: 3.47x Adj. EBITDA
SBA Financing: Pre-Approved
Key Features
All five locations are freestanding with drive-thru access. Ownership is absentee — the business is operated by general managers and shift supervisors with no meaningful owner involvement in day-to-day operations, making this an ideal acquisition for a strategic buyer or existing multi-unit franchisee seeking Mid-Atlantic density. All leases are transferable subject to Burger King Corporation and landlord consent. Transfer fees, inventory, and cash on hand are not included in the purchase price.
Next Steps
Qualified buyers are required to execute a Nondisclosure Agreement prior to receiving store-level financials, lease documents, and the full Calculation of Earnings Report. Buyer must meet Burger King Corporation franchisee qualification standards.
Contact Sam Griffin, CCIM, CBI | Capital Connect | eXp Commercial
? 502.640.3622 | capitalconnectus.com
Capital Connect is pleased to present an exceptional opportunity to acquire five (5) established Burger King franchise locations operating under Lionheart, Ltd. The portfolio includes four freestanding drive-thru units across the Portsmouth and Virginia Beach, Virginia metropolitan market, plus one freestanding drive-thru location with patio seating in Moyock, North Carolina — conveyed with fee-simple real estate included in the purchase price.
The Opportunity
This is an absentee-owned, SBA-approved franchise platform generating $7,443,003 in 2025 gross sales and $375,141 in Adjusted EBITDA, priced at $1,300,000 — representing a highly attractive 3.47x earnings multiple. Normalized earnings have been independently certified by Briana Berg, CVA, CEPA of The Valu Gap, LLC through a formal Calculation of Earnings Report. No deferred maintenance obligations exist for a period of two years from the date of listing.
The Locations
Store #1531 — 3526 Airline Blvd, Portsmouth, VA | 2,967 SF | Remodeled 2006 | 11,000 VPD
Store #1602 — 3648 Virginia Beach Blvd, Virginia Beach, VA | 3,246 SF | Remodeled 2016 | 47,000 VPD
Store #1624 — 4210 George Washington Hwy, Portsmouth, VA | 3,022 SF | Remodeled 2007 | 21,000 VPD
Store #3825 — 2708 N Mall Drive, Virginia Beach, VA | 3,084 SF | Remodeled 2006 | 32,000 VPD
Store #12831 — 101 Moyock Commons Dr, Moyock, NC | 2,900 SF | Remodeled 2017 | 26,000 VPD | Real Estate Included
Financial Highlights
2025 Gross Sales: $7,443,003
2025 Adjusted EBITDA: $375,141
2025 Net Income: $340,134
Asking Price: $1,300,000
Purchase Multiple: 3.47x Adj. EBITDA
SBA Financing: Pre-Approved
Key Features
All five locations are freestanding with drive-thru access. Ownership is absentee — the business is operated by general managers and shift supervisors with no meaningful owner involvement in day-to-day operations, making this an ideal acquisition for a strategic buyer or existing multi-unit franchisee seeking Mid-Atlantic density. All leases are transferable subject to Burger King Corporation and landlord consent. Transfer fees, inventory, and cash on hand are not included in the purchase price.
Next Steps
Qualified buyers are required to execute a Nondisclosure Agreement prior to receiving store-level financials, lease documents, and the full Calculation of Earnings Report. Buyer must meet Burger King Corporation franchisee qualification standards.
Contact Sam Griffin, CCIM, CBI | Capital Connect | eXp Commercial
? 502.640.3622 | capitalconnectus.com
About the Business
- Years in Operation
- 26
- Employees
- 95 (30 Full-time, 65 Part-time)
- Franchise
- This business is an established Burger King franchise
- Facilities & Assets
- Five freestanding Burger King locations, all drive-thru equipped and remodeled between 2006–2017 with no deferred maintenance for 2 years. Units range from 2,900–3,246 SF across Portsmouth & Virginia Beach, VA and Moyock, NC. All furniture, fixtures, and equipment are included. The Moyock, NC location features a patio and conveys with fee-simple real estate. Leases are transferable. SBA approved. Stores #1531, #1602, #1624, #3825, #12831.
- Website
- https://www.bk.com/
- Market Outlook / Competition
- Four units serve the Portsmouth/Virginia Beach MSA — one of the largest metro markets in the Mid-Atlantic with 1.8M+ residents and strong military-driven consumer traffic. Store #1602 fronts a 47,000 VPD corridor. The Moyock, NC location anchors a high-growth residential corridor along US-168 with 26,000 VPD. Burger King's national brand recognition, value positioning, and loyalty app provide a durable competitive advantage against local and regional QSR operators.
- Opportunities for Growth
- An incoming buyer with existing QSR infrastructure can immediately leverage five established locations generating $7.4M in annual sales. Three near-term lease renewals present an opportunity to renegotiate below-market terms and extend tenure. The Moyock, NC corridor is among the fastest-growing residential markets in coastal NC, supporting organic sales growth. A qualified operator with Burger King Corporation approval may pursue additional franchise territory within the BKC development pipeline.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 2,700
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Training provided by Franchisor. Seller to stay on for transition.
Listing Info
- ID
- 2400730
- Listing Views
- 1938
Listing ID: 2400730 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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