Business For Sale

Neighborhood Restaurant and Bar for Sale

Virginia Beach, VA
Virginia Beach City County


Asking Price: Annual Revenue:
$160,000 $705,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Neighborhood Restaurant and Bar for Sale Broker: Charles Broadwater, Jr.
Owner Financing is Available!

Quick Facts

Asking Price: $160,000
Annual Revenue: $705,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 11
BBN Listing #: 46238944
Broker Reference #: RICHMVA001-N1474

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Business Overview:

This neighborhood sports bar is located just several blocks from the oceanfront and is surrounded by nearly 500 apartment units. Many customers come from the local area and either walk or bike to this business. The restaurant was open for lunch until recently when the owner opened another business. This business could easily be open later and provide entertainment as it has been during the summer months but the owner does want the late hours operation. They offer computer games on specific weeknights which are very popular. * 30 TVs tuned to sports channels * Computerized alcoholic beverages control system * Long lease with options and good terms and conditions * Rent factor less than 6%.

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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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Disclaimer:

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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