Restaurant Club

Virginia Beach, VA


Asking Price: Annual Revenue:
$159,500 $450,000

Recreation: Entertainment


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RE: Restaurant Club Broker: Fouad Mohit

Quick Facts

Asking Price: $159,500
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: $66,000
Total Debt: Not Disclosed
FF&E: $102,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 2
BBN Listing #: 984638940
Broker Reference #: HAMPTVA001-N1665

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Business Overview:

For the past 15 year and more this club has rocked, every Thursday thru Sunday. Customers line up to get in. The location is outstanding with no competition anywhere around the place. It’s the only club like this for miles, located in an upper middle income area. The location is just minutes from the ocean front. This is the total package. Club and bar business is booming.Thursday-Sunday is standing room only, with the nightly specials that draw crowds in for the fun, good times and great food and drinks. Location is raking in the cash. Owners have operated location for nearly fifteen years and are tired of the club and restaurant business. They are ready to cash out and turn the bar over to the next success minded owner, it's your turn. Are you ready for the club ownership lifestyle, late nights filled with lots of cash counting, yes it's a tough job but someone has to do it! For more information about this fantastic opportunity please contact Fouad Mohit 1-757-237-2301 or fouad@sunbeltnetwork.com

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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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