Successful Bar & Restaurant Ready for New Owner

Not Disclosed, VA
Chesterfield County

Asking Price: Annual Revenue:
$299,000 $350,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Successful Bar & Restaurant Ready for New Owner Broker: Bill Kelly

Quick Facts

Asking Price: $299,000
Annual Revenue: $350,000
Net Profit: Not Disclosed
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 11
BBN Listing #: 556643891
Broker Reference #: 9525-783215

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Business Overview:

This successful bar & restaurant was opened in 2006 serving breakfast lunch and dinner to local patrons. At the request of customers, the owner added a sports bar then added multiple TV's, darts, and pool tables, which became very popular. Then a few years later, also at the request of customers, the owner expanded the business again to include a second, separate bar and game room for smokers. Over the years this venue has grown in popularity and added karaoke, dart tournaments, additional pool tables and other entertainment diversions. Now opened from 2pm, to 12pm (2am on weekends), and serving only dinner and snack foods.

New Hartland Restaurant POS System. Four gaming machines (turning 9-10K per mo.) Very clean, fully equipped kitchen. 11 W2 employees, including 2 bartenders and new chef, with 35 years of experience and is ready to expand the menu, open for lunch, and enhance carry-out and delivery orders.

This is an excellent opportunity for a new young entrepreneur to enter the bar & restaurant business, with immediate income.
Won't last long... Contact Agent for more information!

Restaurant opened in 2006 as a breakfast, lunch, and dinner restaurant and over the years evolved into a sports bar and entertainment venue. Lot's of potential growth is possible in this densely populated residential area.

There are other restaurants in the area but none have a similar entertainment offering. This hometown restaurant is known to all of the locals and can easily draw from high density residential neighborhoods in the surrounding area with a little advertising and upgraded venue and menu.

The business has the potential to grow quickly by expanding the menu offerings, offering take-out/delivery, bringing back lunch specials and revitalizing the venue.

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Reason for Selling:

Other business interests.

Additional Details:

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

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