Full Service Restaurant,Bar,& Entertainment Venue

Not Disclosed, VA
James City County

Asking Price: Annual Revenue:
$125,000 $452,663

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Full Service Restaurant,Bar,& Entertainment Venue Broker: Hal Feder

Quick Facts

Asking Price: $125,000
Annual Revenue: $452,663
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $257,020
Real Estate: Not Disclosed
Year Established: 1992
Employees: 9
BBN Listing #: 11124955
Broker Reference #: 2008-16517

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Business Overview:

Popular, Established, and Successful Restaurant, Bar, & Entertainment Venue is for immediate sale!

Launched in 1992 by the original founder/owner, this well-known local Hampton Roads, VA establishment offers quality food, delicious cocktails, and engaging entertainment options in a casual, friendly, and comfortable setting. Whether it's lunch, dinner, or gathering with friends for a drink, this is a great place to hang out. All food is made from scratch and prepared to customer order. The fully stocked bar and entertainment space attracts customers between traditional meal times.

The restaurant is housed in a vibrant, popular, and busy mixed-use commercial center with eateries, shopping, business services, private residential, and entertainment offerings. This location draws from a broad geographic territory featuring a diverse population base -- including students, business professionals, military personnel, and retirees.

This award winning business ("USA Today 10 Best") has historically delivered outstanding reviews from a diverse, and loyal customer base. This long-tenured, successful, and locally owned/operated restaurant, bar, and entertainment venue is an outstanding acquisition target and checks all the right boxes for motivated buyers:

1. The branding is established, highly recognizable, and well regarded by customers.
2. The business has a strong track record of profitable operations.
3. The restaurant has a dedicated, professional, and motivated team.
4. The facility is situated in a popular shopping and residential district with excellent access to a major highways.
5. The Hampton Roads community features a growing, vital economic landscape.
6. The market is large and diverse and pulls from many customer demographic groups -- from families, tourists, retirees, students, to professionals.
7. The extensive menu satisfies diverse customer choices for food and drink.
8. This business has built a loyal, profitable customer base for almost 3 decades.
9. The facility seats over 225 people (inside) and is an excellent location for large group and corporate outings.
10. There are numerous growth opportunities available, including catering, group events, and live music concerts.

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Property Features and Assets:

This spacious restaurant and entertainment venue features 5,800 square feet inside and another 1,440 square feet in a partitioned, outdoor dining patio (the largest patio seating space in the area). Total inside seating capacity is 225 people which provides for maximum layout flexibility affording space to host musical entertainment, community gatherings, and private functions. There is a fully-equipped kitchen, full service cocktail bar, reception station, waiter/waitress service stations ... all fully enabled to serve customers. The lease is $8,000/month and offered on triple net terms which is competitively priced for the space, appointments, and location. Lease duration and extension options are negotiable after initiating a minimum lease term period of 5 years. Assets = $411,113.

Market Competition and Expansion:

This industry has a low barrier to entry but requires a moderate amount of capital and an effective location in order to be successful. This restaurant/bar has the great advantage of long tenure, brand equity and a well known reputation among the community going back to 1992. The reputation for quality food, professional service and customer loyalty, and a casual, fun entertainment space insulates the business from a lot of competitive pressure. While the business is mature and established, there are a number of growth opportunities available to re-store top-line revenue and profitability to pre-Covid levels and beyond: 1. The hosting of community meetings, and marketing to private corporate functions/family gatherings 2. More aggressive marketing and social media engagement 3. Implementation of nightly entertainment and extending operating hours to include Tuesday and Sunday 4. Additional focus on catering / takeaway business.

Reason for Selling:

The founder/owner is planning 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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