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Accommodation & Food Services

Established, Semi-Absentee, Take Out Restaurant

Chesapeake, VA, USA
Listed 177 days ago
Established 1997

Rare opportunity to acquire a deeply rooted, highly reputable food business with over 30 years of continuous operation and a loyal customer following. This semi-absentee operation features two captive locations in a busy, centrally located plaza with steady daily traffic and strong visibility. The business has built a trusted name in the community and enjoys consistent repeat patronage. Highlights: 2 high-traffic, captive sites in a thriving central plaza , 30+ years in business with a strong local reputation, semi-absentee structure in place, new equipment recently installed — modern, efficient, and ready to support growth, lean staffing model with low headcount and manageable operations, well-established systems and menu that travel well across both sites, consistent business supported by location-driven demand.

Location

One location is situated outside Lowe’s under a one-year lease that automatically renews annually. Operates under a license agreement, not a franchise, with no royalty fees.

Employees

7 (1 Full-time, 6 Part-time)

Lease Terms

1 - Unlimited

Real Estate

Lease

Trading Hours

10am-8pm. Open 7 days a week

Leasehold Rent

$100 per annum

Support & Training

2 Weeks

Expansion Potential

Opportunities include adding breakfast service, increasing advertising, extending hours of operation, and offering delivery services.

Size In Square Feet

2x mobile stalls, 96 sq ft

Competition / Market

Operates within a competitive restaurant market while standing out due to long-term presence and consistent customer loyalty.

Inventory / Stock Value

$1,000 - included in the asking price

Reason for Selling

Other business and personal interest and need to relocate

Financials

Asking Price
$776K
RevenueMost Recent Year
$758K
Earnings (SDE)Last Reported
$266K
Assets ValueIncluded in Asking Price
$90K
Seller Financing
Subject to Negotiation

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