Thriving Upscale Restaurant with Strategic Location For Sale

Thriving Upscale Restaurant with Strategic Location
Photos on request

$950,000

For Sale

Asking price

Financials

Annual Revenue
$2,371,806
Annual Profit
SDE
$368,126
Approx. Inventory Value
$25,000
Approximate FF&E
$328,408

The asking price is 0.4× the annual revenue — a common way to evaluate whether a business is fairly priced.

7.9
Worth exploringVenturu AI
Price vs. incomeFinancing optionsHow established is this business?About the broker: Timothy Johnson

Key Details

Number of Employees
20
Establishment Date
Jan 1, 2013
Business Type
Restaurant

Details

Upscale restaurant with a decade of success, offering premium steak, fish, pasta, and cocktails in Virginia Beach. Features a unique niche, great location, and outdoor patio. Operated by a skilled staff under absentee ownership, with significant growth potential through extended hours and marketing.

Property

Rent
$15,804
Rent Schedule
Monthly
Lease Expiration
Dec 1, 2028

Location

Approximate location — the exact address is shared after you connect with the broker.

Price & Financing

Asking Price
$950,000
Buyer Financing
Yes
Min. Down Payment
SBA Prequalified
Pre-Qualified

Training

Included
Yes
Cost
Free
Duration
2 weeks

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The information in this listing has been provided by the business seller or representative stated above. Venturu has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

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Timothy Johnson

Thinking of selling your business?

Work with Timothy Johnson to price confidently, position your listing, and attract qualified buyers.

Verified broker · 31+ years experience · Active on Venturu marketplace

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