Established Ice Cream & Pizza Shop - Virginia Beach, VA
Turnkey dual-concept restaurant combining ice cream and pizza operations in Virginia Beach's thriving market. This well-positioned business generates $300,000 in annual revenue while operating under absentee ownership, demonstrating strong operational systems and market demand.
Business Highlights:
• Dual revenue streams from ice cream and pizza operations
• Strong annual revenue of $300,000 in first year of operation
• All equipment purchased brand new in 2024, ensuring minimal maintenance costs
• Absentee owner operation proves business runs independently
• Prime Virginia Beach location with high foot traffic potential
• Established customer base within first year of operation
Financial Overview:
• Asking Price: $30,000 (significantly below asset value)
• Annual Revenue: $300,000
• Monthly Lease: $4,700 for 2,200 sq ft space
• FF&E Value: $70,000 (new equipment)
• Inventory: $10,000 (included in sale price)
• Lease Term: Secured through August 2028
Financing Available:
• Seller financing offered: $10,000 down, balance financed over 2 years
• Exceptional value opportunity with equipment worth more than asking price
• Year-end pricing incentive for quick closure
Location & Operations:
Situated in Virginia Beach, this 2,200 square foot establishment benefits from the area's year-round tourism and local customer base. The dual-concept model maximizes revenue potential throughout different seasons and dayparts.
Sale Reason:
Owner is divesting due to expansion into other ventures and inability to dedicate proper attention to operations. This creates an exceptional opportunity for a hands-on operator to realize the business's full potential.
This represents a rare opportunity to acquire a profitable, equipment-rich business at a fraction of replacement cost with favorable financing terms.
Ad#:2448616
