Hampton Roads Restaurant, Bar and Catering Busi...

Hampton Roads, VA

Asking Price: Annual Revenue:
$435,000 $1,233,000

Miscellaneous: Non-classifiable

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RE: Hampton Roads Restaurant, Bar and Catering Busi... Broker: Charles Broadwater

Quick Facts

Asking Price: $435,000
Annual Revenue: $1,233,000
Net Profit: Not Disclosed
Cash Flow: $225,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 0
Employees: 20
BBN Listing #: 366564285
Broker Reference #: RICHMVA001-47243

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Business Overview:

Well-known and historic 150-seat restaurant located in the historic section of the inner city. The restaurant has operated for more than 20 years at the same location and with the same owners. The well-decorated facility has a small bar and space for private parties. The outdoor dining is covered and open-air, but enclosed and heated for cold weather availability. Triple net lease has better than great rent for downtown space. A full ABC license is transferable for a qualified new owner. The semi-absentee owner has assembled a very qualified team, and they have operated the business successfully for many years. The seller is willing to do some financing for a qualified buyer to assure the buyer that they have confidence in the management team and financial information.

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Additional Details:

  • The property is owned.
  • 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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