PRICE REDUCTION! Successful Soulfood QSR in great location!

Chesapeake, VA (Chesapeake City County)

PRICE REDUCTION! Successful Soulfood QSR in great location!
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Asking Price: $69,000

Cash Flow: $68,000

Gross Revenue: $360,000

EBITDA: N/A

FF&E: $65,000

Inventory: $2,500

Rent: $3,100 /Month

Established: 2016

PRICE REDUCTION! Successful Soulfood QSR in great location!

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Business Description

Great opportunity in busy location with unlimited growth potential! Business is currently operating only 5 days a week with limited hours (11am to 7pm). Business is 99% takeout and no delivery is being offered at this time. New owner can increase revenues fairly quick by opening longer hours (or an extra day), using 3rd party delivery services and doing catering.

Restaurant opened late in 2016 and has quickly gained the loyalty of its customers and a good reputation in the community.

Owner is retiring and motivated to sell. Their philosophy has been “Give people what they want!” and their people have spoken - they want good quality authentic soul food on-the-go! Their customers claim they have the best food anywhere and great service too!

Detailed Information

Location:
Chesapeake, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
11/30/2021
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Spacious facility with friendly atmosphere. Large parking.
Competition:
No competition in the area
Growth & Expansion:
location has the ability to supplement revenue with catering services and adding day (s) and or hours of operations.
Support & Training:
up to 2 weeks of training is included
Reason for Selling:
owner is retiring
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Yeliv-Jill Adams

Business Listed By:
Yeliv Adams

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