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Virginia
Seafood Restaurant Group of 5 Locations Acquisition Opportunity!!
Asking Price
$4,500,000
Revenue
Call/Email
Down
$450,000
Cash Flow
Call/Email
Name: Carven Cheung
Name
Carven Cheung
Description
Founded in the early 1980s by a mother-son duo with a passion for authentic, home-style cuisine, this family-run restaurant group began with a single location and a hands-on approach to hospitality. Their commitment to quality and personal service quickly cultivated a loyal customer base, validating the strength of their concept. By the late 1980s, the brand expanded organically across the region, demonstrating strong market acceptance and operational scalability. Though the original location closed after two decades, the business continued to thrive—evolving into a multi-unit operation with a proven track record of sustainable growth. Now led by the third generation, the group remains anchored in its founding values while embracing modern efficiencies and strategic expansion. With a resilient business model, deep community roots, and a legacy of leadership continuity, this enterprise presents a compelling opportunity for investors seeking long-term value in the hospitality sector. Importantly, the current owners are preparing for retirement, creating a rare and timely opportunity for acquisition. This transition opens the door for new leadership to capitalize on decades of goodwill, established infrastructure, and untapped potential for expansion. For investors seeking a stable, well-loved brand with room to grow, this offering represents a compelling entry point into the hospitality sector.
Business Details
Year Established:
1980
FE&E:
$1,000,000
Reason for sale:
Retirement
Lease & Tenant Information
Lease Options:
N/A
Other Information
Listing Number:
12451-398325
Sales:
$11,502,819
Seller's Discretionary Earnings:
$1,145,017
Posting Information
Posting ID:
ID tw:86130 / Listing Number 12451-398325
Business Category:
Restaurants
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Seafood Restaurant Group of 5 Locations Acquisition Opportunity!!
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*86130
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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