Established Italian restaurant located in a high-traffic shopping center on Mt. Pleasant Road in Chesapeake, VA, offering exceptional profitability with low overhead and food costs. This popular dining establishment generates $825,000 in annual revenue with $120,000 EBITDA, demonstrating strong financial performance since opening in 2022.
BUSINESS HIGHLIGHTS:
- Monthly profits of $10,000 with owner currently earning $120,000 annually
- Absentee owner operation requiring minimal hands-on management
- Prime location in busy shopping center ensuring consistent customer traffic
- Low food costs and overhead structure maximizing profitability
- Established customer base built over continuous operation
- Easy-to-run establishment with streamlined operations
FINANCIAL OVERVIEW:
- Annual Revenue: $825,000
- EBITDA: $120,000
- Asking Price: $350,000
- FF&E Value: $86,000
- Inventory Value: $7,500
LOCATION & LEASE:
- 2,400 square feet in high-traffic Chesapeake location
- Lease rate: $5,400 per month
- Lease term extends through February 1, 2027
- Strategic Mt. Pleasant Road positioning
FINANCING & TRANSITION:
- Seller financing available at 50%
- 30 days of post-sale support included
- Owner relocating, creating opportunity for new ownership
This turnkey operation represents an excellent opportunity for an investor seeking a profitable restaurant business with established systems, prime location, and strong cash flow. The combination of high revenue, low overhead, and absentee ownership model makes this an attractive investment in the thriving Chesapeake market.
Ad#:2443705
