Historic Oceanfront Restaurant and Pancake House

Asking Price$585,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$811,391

InventoryNot Disclosed

FF&E$40,847
Included in asking price
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Historic Oceanfront Restaurant and Pancake House


Asking Price$585,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$811,391

InventoryNot Disclosed

FF&E$40,847
Included in asking price
Business Description
Established, turnkey operation with over 50 years of continuous success

Premier coastal location with ocean views
3,900 sq. ft. facility with a legal capacity of 138 patrons (comfortably seating 100+ simultaneously)
22 experienced employees; owner operates on a part-time basis
Active ABC license included
Fully integrated, sophisticated POS system and dedicated, convenient customer parking
High proximity to major future civic developments and city projects

Business Description
For over five decades, this iconic and historic Pancake House has served as a staple of the local community and a must-visit destination for coastal tourists. Located in the heart of a bustling, high-traffic district, this turnkey establishment features a unique, country style menu that caters to a diverse clientele.
The restaurant is renowned for its country-style breakfast offerings including signature items like10 varieties of pancakes, home fries, southern grits, sweet and cinnamon butters, and French toast all made in-house. In addition, a spectacular breakfast buffet with over 24 items including signature recipes consistently drawing lines of eager patrons before the doors open at 7:00 AM. Capitalizing on high demand, the business offers all-day breakfast alongside a comprehensive lunch menu featuring signature burgers, sandwiches, and fried classics. Decades of operational refinement and recent updates have resulted in a flawless menu and a fiercely loyal base of regular local clients and annual returning visitors ranking as a top guest experience destination in Virginia Beach in 2025.
Operational Structure & Lifestyle Flexibility
The business is supported by a dedicated team of 23 employees, allowing the current owner to maintain a highly desirable part-time schedule, but system is setup for any owner to step back, if desired. Due to the area's favorable seasonal dynamics, the restaurant currently operates nine months out of the year (March through November). This schedule offers an incoming owner a lucrative, high-energy operational season balanced by a built-in three-month off-season, providing an exceptional work-life balance and unique lifestyle flexibility.
Immediate Growth & Upside
While highly profitable under the current nine-month model, substantial upside exists for an ambitious buyer. A new owner could easily capture additional market share and increase annual revenue by extending operating hours year-round or into late lunch and evening hours, or by opening exclusively on weekends during the traditional three-month winter closing. The restaurant's premier location ensures sustained interest, which will be further enhanced by upcoming municipal developments and nearby city projects.
Transition Support
To ensure long-term continuity and success, the current owner is committed to providing a comprehensive training and transition period. The owner will work closely with the buyer to ensure a seamless hand off of operations, staff management, and vendor relations.
About the Business
Years in Operation
57
Employees
14 (11 Full-time, 3 Part-time)
Facilities & Assets
The business operates out of a spacious, well-maintained 3,900-square-foot facility designed for high-volume throughout. The property boasts ample, convenient parking—a premium asset for this desirable location. To accommodate the buyer, the landlord is prepared to negotiate a favorable new long-term lease or extension tailored to the buyer's strategic goals.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,900
About the Sale
Seller Motivation
Personal (not ashamed of mentioning my business practice).
Transition Support
Will train for 2 weeks @ $0 cost.
Listing Info
ID
2557688
Listing Views

Listing ID: 2557688 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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