Business For Sale

Virginia Beach Sports Bar & Grill For Sale

Virginia Beach, VA
Virginia Beach City County


Asking Price: Annual Revenue:
$200,000 $550,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Virginia Beach Sports Bar & Grill For Sale Broker: Charles Broadwater, Jr.
Owner Financing is Available!

Quick Facts

Asking Price: $200,000
Annual Revenue: $550,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 8
BBN Listing #: 80838944
Broker Reference #: RICHMVA001-N1405

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Business Overview:

-This is a business for an experienced restaurant couple who want to operate the business together as this couple has for five (5) years. -The owner has expanded the business since he opened in 2010 and has grown revenues 25-30% annually. -This is a great business model featuring inexpensive good food, cheap rent in a convenient location and surrounded by middle-income homes, high traffic generating businesses and shopping -There is a 15-year lease in place with low rent and good terms. -State of the Art alcoholic beverage control system allow an owner to control drink pours, and monitor revenue skims by staff. - Also ideal for a semi-absentee owner. -The business rent factor is 6% which is excellent for this location. -The current 53% cost of goods sold suggests huge upside for more efficiency. - Seller’s wife is the bar manager and is willing to remain with the business.

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

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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