Thriving Upscale Restaurant with Strategic Location
$950,000
SBA prequalified
A lender has already reviewed this business for SBA financing.
Real estate included
The property comes with the business.
Training included
The seller will help you get up to speed after closing.
About this business
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.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$950,000
- Annual Revenue$2,371,806
- SDE$368,126
- 2.6×
- Price to SDE
- 0.4×
- Price to revenue
- 16%
- SDE margin
- Approx. Inventory Value
- $25,000
- Approximate FF&E
- $328,408
Details
- 2013
- Established · 13 yrs
- 20
- Employees
- Restaurant
- Business type
- Leased
- Premises
Financing & transition
- Seller financing
- Yes
- SBA Prequalified
- Yes
- Training after the sale
- Included
- Cost
- Free
- Duration
- 2 weeks
Property & lease
- Premises
- Leased
- Rent (monthly)
- $15,804
- Lease Expiration
- Dec 1, 2028
Where it is · Virginia Beach, Virginia
Somewhere in Virginia Beach, Virginia. The exact address is not on this listing.
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