$99,500

High Volume Carry Out Restaurant

Virginia/Norfolk
Financials
  • Price: $99,500
  • Gross Income: $253,016
  • Cash Flow: $52,325
  • FFE: $21,000
  • Inventory: $2,950
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #1575
  • Year Established: 2011
  • Financing: seller will provide
  • Training: seller will provide
  • Facilities: newly renovated
  • Competition:
  • Growth:
  • Employees:

Property Descriptions

High volume carry-out restaurant on very busy thoroughfare! This Carry out restaurant has recently been renovated to include a spacious storage room and manager's office. The kitchen has been expanded to add plenty of space for food preparation. The quality of food and precise preparation has been their cornerstone of success since day one. That award winning formula has never changed finding a unique blend of southern style wings, baked spaghetti, fried tilapia and pork chops. The wings are the best in town and keep customers coming back again and again. Fresh ingredients are used daily to make delicious side orders like mash potatoes, yams, collards and macaroni and cheese. This beautiful restaurant is offered below market value. The new owner can come in and operate with low overhead and minimal expenses. There is plenty of room to grow by opening on Mondays and Tuesdays and offering delivery. Operating for more than 3 years, the facility is well established with a great reputation. The current owner at the end of last year made the decision that it’s time to pursue new business opportunities. In addition to the price advantage the owner will also finance a portion of the transaction for the right buyer. For more information, call Tom Fox with Advanced Business Brokerage at (757)270-3291 or email at tfox@advancedbusinessbrokerage.com.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Frank Chebalo, CBI, ABI, CMSBB, CBC 4445 Corporation Lane, Virginia, Virginia Beach