Business For Sale

Food and Beverage Inventory Management Business

Not Disclosed, VA
Virginia Beach City County

Asking Price: Annual Revenue:
$224,000 $304,636

Food & Beverage: Bars, Clubs, Nightspots

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RE: Food and Beverage Inventory Management Business Broker: Frank Chebalo

Quick Facts

Asking Price: $224,000
Annual Revenue: $304,636
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $6,700
Real Estate: Not Disclosed
Year Established: 2002
Employees: 6
BBN Listing #: 66884955
Broker Reference #: 2007-13229

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Business Overview:

Well established (15 years) and profitable hospitality inventory control company in Southeastern Virginia maintaining a sustainable base group of business clients. This business has been operating at high levels for over 15 years in the Hampton Roads market. This is one of the world’s leading service franchises specializing in profit management for bars and eateries. For over 25 years the franchise company has created profitable businesses using their technology and state-of-the-art assessment processes. The goal of the company is to provide owners and executives with customized and independent on-site consultations. Their primary objective is to find new opportunities for increasing revenue and decreasing operational costs. The company has developed a unique, computerized process that compares the exact amount of product the bar operation has actually dispensed during the reporting period against the amount of product recorded as sold through the point of sale POS and then reports those variances back to its clients. The company is expanding its market with the addition of food inventory and back-of-house support services. This expansion will be substantial. And the owner, with a strong background in food and beverage service, will offer help and training for a buyer, insuring a smooth transition into the business. As well, for the right buyer candidate the owner will consider some level of owner financing.

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Property Features and Assets:

This can be an office based or home based business, fully relocatable around Hampton Roads. The business covers the entire Hampton Roads area with several areas through the market untapped. This business has a tremendous amount of growth potential. Assets= $6,700

Market Competition and Expansion:

The industry is untapped. With little competition and the best software in the industry, this business is by far the most popular in the market. With a full-service corporate office staff, training department and IT staff, the business is easy to operate and manage. The potential for grown is tremendous. The current owner is only capturing about 5% of the restaurants in the market main two sections of the territories.

Reason for Selling:

Current owner is scaling down to scale down to retire.

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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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