Business For Sale

Hampton Roads Restaurant and Tavern For Sale

Hampton Roads, VA


Asking Price: Annual Revenue:
$130,000 $575,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Hampton Roads Restaurant and Tavern For Sale Broker: Charles Broadwater, Jr.
Owner Financing is Available!

Quick Facts

Asking Price: $130,000
Annual Revenue: $575,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 700838944
Broker Reference #: RICHMVA001-N1455

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Business Overview:

This 86 seat open kitchen restaurant is located in an eclectic area and near a popular historic entertainment venue . As expected by the owners when they opened 4 years ago, it has become a destination for fresh from scratch, farm to table food with an intimate bar serving creative drinks and drafts to match the creativity used by the chefs. The business will soon open a covered patio for alfresco dining. The restaurant has a 2 AM ABC license to serve and can sell alcohol until midnight for off-premises consumption. The owners have fulfilled the “Dream” and now have other interest and family responsibilities. Ideal restaurant for Chef Owner. The owner is preparing for the new city plans for growth of condos and apartments under construction behind the restaurant by doubling the outside dining area to accommodate demand in warmer months.

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Reason for Selling:

Retirement

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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