Priced Reduced - Profitable Mediterranean Restaurant for Sale

Norfolk, VA (Norfolk City County)

Seller Financing Available
Turkish Restaurant
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Asking Price: $139,999

Cash Flow: $98,028

Gross Revenue: $962,422

EBITDA: N/A

FF&E: $40,000

Inventory: $10,000*

Rent: $0.01 /Month

Established: 2002

*not included in asking price.

Priced Reduced - Profitable Mediterranean Restaurant for Sale

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Business Description

Restaurant has been in business since 2008 in Norfolk area. Outside patio, beautiful build out, unique menu that has appeal to the health conscious and proprietary products that are sold wholesale. Sellers feel there is upside with this business, as in the past few years there have been health issues affecting the performance of the store, limited advertising and expanding the bar. Staff is in place to help the new owner grow this business!

Owner willing to look at any offer!

Detailed Information

Location:
Norfolk, VA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nice build out with tile floors, mix of drywall and brick walls, 400 sq ft outdoor patio, and full kitchen. Over 200k spent on leasehold improvements.
Competition:
Recipes are unique, healthy and no preservatives. Can service vegan and gluten free customers. They make everything from scratch.
Growth & Expansion:
Increase food specials to change up menu, additional advertising, increase alcohol sales, has the ability for private room rentals and catering events.
Financing:
TBD
Support & Training:
Up to 4 weeks
Reason for Selling:
Moving to a different part of the area
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(from currently available funds)
 
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Tim Johnson

Business Listed By:
Tim Johnson

First Choice Business Brokers of Hampton Roads

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