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Upscale, High Volume Italian Restaurant in Virginia Beach

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Virginia Beach city Co., VA   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale   |  Businesses for Sale Between $500k and $1M

Asking Price:
$595,000

Gross Revenue:
$1,517,736
Cash Flow:
$184,109
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$9,647
included in asking price

FF&E:
$200,709
included in asking price

Real Estate:
 Not Disclosed

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Business Description

High volume, established Italian restaurant and bakery for sale in a busy section of Hampton Roads. Revenues last year exceeding $1.5 million. This restaurant has been receiving great reviews for more than a decade. The combination of regular repeat customers and high volume traffic in the area has helped keep this restaurant one of the busies in the area for several years. With a great reputation, outstanding chefs, staff, etc. this is a restaurant that you have to see. For over 20 years, the restaurant has been starting it's day baking European Italian breads, hand made mozzarella cheese, fresh baked desserts and so much more.

This is a very popular, and well established fine dining restaurant, with a family feel. The restaurant is always at the top of any local 'Best Of" list. Emphasizing fresh in-house, local products and great service, this restaurant has been very successful for many years. The restaurant is in a great location, in a highly visible, high traffic area, and provides an excellent opportunity for a new owner-operator to carry on the tradition, and maybe add a flair of their own.

About the Business

Year Established:
2005
Number of Employees:
5 FTE; 15 PTE
Facilities:
Bakery and restaurant.
Market Outlook/
Competition:
Considered one of the top Italian restaurants in Hampton Roads. The name has been around the area for decades building exceptional brand loyalty and reputation.
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About the Sale

Reason For Selling:
Owner focused on other business.
Training/Support:
Will train for 2 weeks @ no cost.

Listing Info

Keywords:
Restaurants, Italian Restaurant, Virginia Beach Couty, Virginia
ID:
1401807
Ad Detail Views:
51

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Business Listed by

Russ Bieber

Murphy Business & Financial Corporation

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U.S. Census Data for Virginia Beach city County, VA
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Source: Decennial Census (2010), United States Census Bureau.

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

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