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  • RE:  Restaurant For Sale With Real Estate -Marina, Dock Bar, Cruise Boat!
  • Contact:  Don Williams

Quick Facts

Asking Price: $1,995,000
Annual Revenue: $1,323,930
Net Profit: Not Disclosed
Cash Flow: $271,258
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1975
Employees: 29
BBN Listing #: 1001426
Broker Reference #: 29973

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Business Overview:

These Restaurants for Sale with Real Estate present a unique and rare opportunity for an enterprising entrepreneur! Set on the sparkling waters of Smith Mountain Lake, Virginia Dare Cruises and Marina in Moneta, VA offers a rare opportunity for a restaurateur or hospitality operator to own one of the lake's most recognizable destinations. The property combines a working marina, popular restaurant and bar operations, and the iconic Virginia Dare cruise boat - a 63-foot replica sidewheeler that has been delighting guests with lunch, dinner and sightseeing cruises for more than three decades.
From spring through late fall, the Virginia Dare hosts narrated two-hour sightseeing, lunch, dinner and themed cruises, showcasing private islands, lakefront communities and key Smith Mountain Lake landmarks while guests enjoy freshly prepared meals and full bar service on board. Enclosed decks with panoramic windows, plus open-air viewing areas, create a flexible venue for wedding parties, corporate outings, holiday events and private charters, making the boat a proven revenue center as well as a powerful marketing billboard that literally cruises the lake! Restaurants for Sale with Real Estate and a cruise boat don't come along every day!
Dockside, the Portside Grill & Bar and the Beacon Pub extend the food-and-beverage experience onto the shoreline with casual lakeside dining, “cheeseburger in paradise” style menus, and a reputation for great wings, sandwiches and cold drinks with some of the best over-the-water views on Smith Mountain Lake. Their relaxed vibe, live-aboard boating clientele and steady seasonal traffic from locals and vacationers creates an attractive platform for an operator who wants to expand menus, enhance bar programming, or grow catering tied directly to the cruise schedule. With this We Sell Restaurants exclusive listing, you can add boat or jet ski rentals, a retail shop, or finish the upper level of the pub with a Bourbon Lounge and further grow the revenue stream. At approximately 1 acre and with over 600 feet of shoreline, the property also hosts a small owner's apartment and office area.
As a full-service marina, the property offers pay-at-the-pump mid-grade, ethanol-free fuel, pump-out facilities, slip rentals and abundant lakeside parking - features that help capture both transient boaters and repeat dockage customers. Located on the Bedford County side of Smith Mountain Lake, the marina sits within one of Virginia's most popular recreation markets, drawing visitors from Roanoke, Lynchburg and across the Mid-Atlantic who come for fishing, boating, second homes and lakefront vacations.
For a restaurant owner or hospitality group, Virginia Dare Cruises and Marina presents a turnkey, multi-channel operation: on-water dining cruises, shore-side restaurant and bar venues, an event and wedding business, and marina services all anchored by the unmatched backdrop of Smith Mountain Lake. This is a chance to step into an established brand and elevate it with your own personal vision. Offered at $1,995,000 for the business and assets or $3,500,000 inclusive of real estate.
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Contact the Seller:

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.

Property Features and Assets:

Beacon Pub

Refrigerators x2
Ice machines x2
Large chest freezers x2
Small chest freezers x2
Ice cream freezers x2
Residential refrigerators x2
Inoperable residential refrigerator
Sandwich cooler
Vertical heater box
Countertop oven
Stainless steel work tables x3
Meat slicer
Household air friers x3
Blackstone propane cook tops x2
Large custom made propane grill
Three compartment sink
Large rolling rack shelves x4
Bar chairs x20
Chairs x20
Four person tables x6
Eight person tables x6
Two person picnic tables x3
Eight person picnic tables x2
Portable propane fire pits x2
Decor
Cookware pots pans
Cutlery serving ware small wares

Portside Grill and Bar

Bar with wells and storage
Large custom made propane grill
Sandwich cooler
Medium sized residential refrigerator
Double bay frozen drink machines x3
Large frozen drink machine
Two person picnic tables x3
Eight person picnic tables x6
Decor
Cutlery serving ware small wares
Cookware and grillware

On Property

The Virginia Dare 60 ft cruise and dinner ship
32 wheeled trailer for the Virgina Dare
28 ft x 40 ft bldg. serving as garage bath house storage
3200 sq ft main building housing Beacon Pub with unfinished upstairs
18 foot wide concrete boat launch
Portside Grill and Bar over water restaurant
50 yearly lease slips
24 7 gas sales operation
Numerous floating and fixed docks with power and water
Four person equipped office
1183 gallon per day septic system
4000 gallon in ground gasoline storage tank
Two server gasoline dispenser
32 foot aluminum deck boat with inboard outboard motor
28 foot flat work pontoon boat with outboard motor
42 inch Dixon zero turn mower
48 foot conex storage container
16 ft by 52 ft pontoon with two 12 ft x 24 ft mini houses
Cable and Wifi
Security cameras
Fire extinguishers x8
Exterior water source connections
Postal receipt appliance
Maintenance items
Hand tools

Market Competition and Expansion:

Full service marina with 24 hr gas, only over-water bar on Smith Mountain Lake, only cruise ship on lake

Reason for Selling:

Personal. Kindly ask the seller for more information.

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

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