Tidewater Authentic Italian Bakery & Restaurant

Listing Number: 12451-370448

Description

Key Investment Considerations:

• Gross Revenue of $957K in 2017.
• Average Seller Discretionary Earning of $301K in 2016 & 2017 and will be proved by seller.
• Nationally recognized on Food Network Diners, Drive-Ins and Dives.
• Huge following from multiple cities and states.
• The only authentic Italian bakery and restaurant with live music in the area.
• Current owner started business in 2006
• Excellent location in the middle of shopping center, golf courses, business and residential area of Virginia Beach/Sandbridge.
• Location is within 3 miles from Virginia Beach oceanfront.
• Reason of sale: retirement.
• All recipes are recorded and will be passed to new owner.
• 5 income streams.
• All furniture, fixture & equipment ($150K) are owned free and clear.
• All new POS system was purchase in 10/2018
• All year-round business without seasonality


Original and current owner started this authentic Italian bakery & restaurant 2006 and it has been a landmark of Virginia Beach and surrounding area. It is a turn key operation. Seller offers the business in the market for health reason. Great growth opportunity is available through additional catering service to business and local events. Potential is great for someone with the energy and right mind set to see the awesome potential of this restaurant.

5 Income Streams;

1. Full Service Restaurant
2. Pastry, Cakes & Bakery
3. Wine & Beer (on and off premises)
4. Coffee & Beverages
5. Catering

Listing Details

  • Price: $650,000
  • Down Payment: TBD
  • Sellers Discretionary Earnings: $287,335
  • Total Sales: $957,477
  • Location: Virginia

  • Inventory: $8,000
  • FF&E: $150,000
  • Employees: 13
  • Year Established: 2006
  • Reason for Selling: RETIREMENT
  • Category: Restaurants
Tidewater Authentic Italian Bakery & Restaurant

Business Listed By:

Carven Cheung