American Restaurants
Active
Historic Oceanfront Restaurant and Pancake House
Virginia Beach, Virginia Beach (City) County, Virginia, United States
Asking Price$585,000
Revenue$811,391
EBITDA-
Cash Flow$300,802
Description
Established, turnkey operation with over 50 years of continuous success
*Premier coastal location with ocean views
*3,900 sq. ft. facility with a legal capacity of 138 patrons (comfortably seating 100+
simultaneously)
*22 experienced employees; owner operates on a part-time basis
*Active ABC license included
*Fully integrated, sophisticated POS system and dedicated, convenient customer
parking
*High proximity to major future civic developments and city projects
For over five decades, this iconic and historic Pancake House and Restaurant has served as
a staple of the local community and a must-visit destination for coastal tourists. Located in
the heart of a bustling, high-traffic district, this turnkey establishment features a legendary,
robust menu that caters to a diverse clientele.
The restaurant is renowned for its home-style breakfast offerings including 14 varieties of
signature pancakes, delicious Belgian waffles, and a spectacular breakfast buffet
consistently drawing lines of eager patrons before the doors open at 7:00 AM. Capitalizing
on high demand, the business offers all-day breakfast alongside a comprehensive lunch
menu featuring classic burgers, sandwiches, and scratch-made soups. Decades of
operational refinement have resulted in a flawless menu and a fiercely loyal base of regular
local clients and annual returning visitors.
Real Estate
Rent is $12,370 per month
Building Size: 3900 sq. ft.Furniture Fixtures & Equipment
$41k
Number of EmployeesFull-Time: 11Part-Time: 3
Year Established
50
Reason Selling
Personal
Support & Training
The business is supported by a dedicated team of 22 employees, allowing the current owner
to maintain a highly desirable part-time schedule. Due to the area's favorable seasonal
dynamics, the restaurant currently operates eight months out of the year (March through
November). This schedule offers an incoming owner a lucrative, high-energy operational
season balanced by a built-in four-month off-season, providing an exceptional work-life
balance and unique lifestyle flexibility.
Growth Opportunities
While highly profitable under the current eight-month model, substantial upside exists for an
ambitious buyer. A new owner could easily capture additional market share and increase
annual revenue by extending operating hours year-round, or by opening exclusively on
weekends during the traditional four-month winter closing. The restaurant's premier location
ensures sustained interest, which will be further enhanced by upcoming municipal
developments and nearby city projects
Financing Options
Business is SBA Pre Approved with $100,000 down payment
Business listed by
Murphy Business Brokers Virginia
Related Categories