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Business For Sale

Bar-Restaurant (Popular and Profitable)

Newport News, VA

Food & Beverage: Bars, Clubs, Nightspots

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$298,000
$850,000
Not Disclosed
$100,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
$165,000
Not Disclosed
6
21
73219072

Business Overview:

This very popular Newport News Bar-Restaurant has strong revenues and is profitable. Located in a very nice section of Newport News in an upscale development this turnkey business has it all. Currently the owners are mostly absentee due to other businesses that they own. But, with a new and dedicated full time owner the business could cash flow even stronger. With great food, sports and live music this is THE happening place on the Peninsula!

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Beautifully and fully equipped 3,178 sq. ft. space that rents for $6,488/month. The landlord has indicated that they are negotiable about reducing the rent. It is located on a very busy roadway in a very upscale and hot section of Newport News in a very desirable shopping center.

Reason for Selling:

Owners focused on other pursuits

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: