Premium Waterfront Restaurant For Sale

Virginia Beach County, VA

Seller Financing Available

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Asking Price:$399,000
Inventory:$4,000
FF&E:$500,000
Gross Revenue:$2,794,364
Rent:$34,815/Month
Established Year:2020
BUSINESS DESCRIPTION

Take advantage of this rare opportunity to own a newly built, 7,000 sq ft oceanside restaurant available as an asset sale. This prime location rarely becomes available! In 2023, the restaurant achieved gross sales exceeding $1.9 million and continues to deliver exceptional service and food in 2024. You have the flexibility to maintain the current concept or transform it into your own vision, with over 200 seats both indoors and outdoors. This turnkey establishment comes with seller financing options, including all goodwill, the restaurant’s name, contact information, and management. Ideal for an experienced buyer, this opportunity allows you to enter this multi-million dollar restaurant with minimal upfront investment.


DETAILED INFORMATION
Location
Virginia Beach County, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,596
Lease Expiration
31/12/2029
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Oceanfront location with views from the entire restaurant of the ocean. Located in a prime, well-known tourist and local area.
Competition
Destination area for restaurants and a night out
Growth & Expansion
Lots of areas to grow and expand the business.
Financing
TBD
Support & Training
2 weeks
Reason for Selling
Retirement
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Tim
Johnson
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Tim Johnson