Historic Hampton Roads Neighborhood Restaurant for Sa

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Restaurants for Sale

* Historic neighborhood restaurant for sale and after 80 years, it’s still a go-to spot for locals.

* Family-operated food service in the Hampton Roads area

* The restaurant has served excellent food at reasonable prices since its opening 80 years ago.

* Today, the menu is diverse serving early breakfast, lunch, and early dinner to accommodate the nearby middle-income neighborhoods.

* Real Estate available for additional purchase price

* The business has grown over the past year while others closed. This shows the local support for this historic eatery.

Financial Information

  • $225,000 Asking Price
  • On request Cash Flow
  • $425,000 Gross Revenue
  • On request Down Payment
  • Yes Financing

Business Location

  • City: Hampton Roads
  • State: Virginia

Financing Comments

  • Seller will consider some financing for a qualified buyer

Reason for Sale

  • Retirement

Detailed information

  • Year Established: 1940
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Fulltime Employees: 11
  • Part time Employees: 4
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: $5,000
  • Monthly Rent: On request
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Building Size: 3900
  • FF&E Included?: Yes
  • FF&E Value: $40,000

Training/Support

  • Seller will negotiate a transition period

Facilities

  • Seating for 60

Contact Business Broker

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Business Listed by Sunbelt of Richmond
Contact
Charles Broadwater
Call Listing Broker (757) 570-5292
Listing ID
RICHMVA001-47239
Office Phone (804) 673-8044

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