Absentee owned Quick Service Restaurant on the Strip in Virginia Bch

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Absentee owned Quick Service Restaurant on the Strip in Virginia Bch
Asking Price:
$249,000

Gross Revenue:
$359,638
Cash Flow:
$114,561
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$62,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This mainly seasonal, quick service dine in and carry out restaurant is located in a prime location near the Oceanfront. It is a perfect spot for beach goers to grab a quick lunch or for Bar goers to grab some late night eats. With a high amount of foot traffic it is always busy during the vacation season. They offer a wide variety of American and comfort food as well as cold treats at some of the most affordable prices in the area.

• $350,000+ in Gross sales
• $110,000+ in Cash flow
• Turnkey operation
• Absentee run
• Prime location
• Seasonal operation
• Simple business model
• Reasonable rent for the area
• Manager in place that handles all the day to day operations.

As always, brokers please bring your well qualified buyers while this opportunity still exists

About the Business

Number of Employees:
6
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1500939
Ad Detail Views:
715

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Business Listed by

Lex Meredith

Transworld Business Advisors

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Memberships:
U.S. Census Data for Virginia Beach city County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Virginia Beach city County, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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