Asset Sale for a Fully Equipped Pizza Restaurant

Virginia Beach, VA
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Asking Price:$110,000
FF&E:$88,409
Gross Revenue:$292,421
Established Year:2023
BUSINESS DESCRIPTION

Put up your sign & open the doors, ready to run

This asset sale offers a grand location in a primary city in Hampton Roads, Virginia. Neatly positioned on a main roadway, the area is stellar. The buildout shows superb attention to detail, and the state-of-the-art equipment is ready for high-volume activity. Add your name and signage, and you're in business. The current owner has multiple locations and has decided to consolidate and reduce the number of operating locations. This location is set nicely for a similar operation, as the customer base is accustomed to the convenience of the location and area. A five-year lease is in place for the space of 1,125 square feet. The lease term runs until September 30, 2028. Two five-year options are attached to the lease; the 2025 base lease cost is $1,496, with an additional estimated CAM charge of $630 per month.


DETAILED INFORMATION
Location
Virginia Beach, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,125
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A five-year lease is in place for the space of 1,125 square feet. Brand newly remodeled bar area. The lease term runs until September 30, 2028. Two five-year options are attached to the lease; the 2025 base lease cost is $1,496, with an additional estimated CAM charge of $630 per month.
Reason for Selling
Consolidation.
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David
Chebalo
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David Chebalo