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Business For Sale

COASTAL BAR & CAFE

Attn: Wayne White
Hampton Roads, VA, USA
Listing Number: "1028-WW"
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Asking Price: $300,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Other Business Interests.
Year Established: 2002
# of Employees: 3 Full/5 Part
Yearly Revenues: $339,365
 

Business for Sale Overview:

Coastal Restaurant & Bar, located 2 blocks from the beaches. Surrounded by townhomes and next to a motel this establishment could be a local favorite and great for the tourist as well. Menu provides a great selection from burgers and pizza to seafood and steaks. Located on a very busy beach highway with excellent visibility. Was being run as absentee owner, but that was not working so owner is back to build the business for a new owner. Extremely favorable lease until 2012 with additional 10 year option in place. Terms, for the right buyer, may be available.


Property Features and Assets:

2,500 sq. ft. building


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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