Prime Renowned Restaurant on most desirable Atlantic Ave 60961-CD

Listing Number: 9525-609617

Description

****SELLER MOTIVATED****


On ATLANTIC AVENUE in Virginia Beach!!!

A MUST SEE!!! Take over and start making money immediately. This restaurant has seen sales up to $1,500,000 made in 7 months out of the year.

Freshly renovated with more than $150,000 worth of Fixtures, Furniture and Equipment.


Iconic Sea Food restaurant located on the most desirable street of Virginia Beach, the Atlantic Avenue and has been family owned and operated for over 65 years and with the same owner for the past 23 years.

This restaurant offers a distinctive menu and a welcoming staff that brings locals and visitors back time and time again. The All-You-Can-Eat Seafood Buffet is the only buffet on the strip and offers many seafood favorites: soups, salads, and a fabulous dessert bar perfect for the whole family.

164 seat capacity inside
40 Seats outside

Rent: $9,000 per month ($108,000/year)

For more information, please contact Charles Daucourt @ cdaucourt@tworld.com or tel: (757) 231 6557

Listing Details

• Price: $329,000
• Down Payment: $329,000
• Sellers Discretionary Earnings: $700,000
• Total Sales: $1,500,000
• Location: Virginia Beach City, Virginia


• Inventory: $0
• FF&E: $150,000
• Employees:
• Year Established: 1988
• Reason for Selling: retirement
• Category: Restaurants