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SE Virginia -- Full Service Restaurant, Bar, & Entertainment Venue

  • Listing# : 16517
  • Listed Price : $125,000
  • Total Sales : $452,663
  • SIC : 5812-08
  • Down Payment : $125,000
  • Status : Active
  • Discretionary Earnings : N/A

Business Type :

Restaurants / Full-Service Restaurants

Business Description :

Popular, Established, and Successful Restaurant, Bar, & Entertainment Venue is for immediate sale!  

Launched in 1992 by the original founder/owner, this well-known local Hampton Roads, VA establishment offers quality food, delicious cocktails, and engaging entertainment options in a casual, friendly, and comfortable setting.   Whether it's lunch, dinner, or gathering with friends for a drink, this is a great place to hang out.  All food is made from scratch and prepared to customer order.  The fully stocked bar and entertainment space attracts customers between traditional meal times.
  
The restaurant is housed in a vibrant, popular, and busy mixed-use commercial center with eateries, shopping, business services, private residential, and entertainment offerings.   This location draws from a broad geographic territory featuring a diverse population base -- including students, business professionals, military personnel, and retirees.

This award winning business ("USA Today 10 Best") has historically delivered outstanding reviews from a diverse, and loyal customer base.  This long-tenured, successful, and locally owned/operated restaurant, bar, and entertainment venue is an outstanding acquisition target and checks all the right boxes for motivated buyers:

1.  The branding is established, highly recognizable, and well regarded by customers.
2.  The business has a strong track record of profitable operations.
3.  The restaurant has a dedicated, professional, and motivated team.
4.  The facility is situated in a popular shopping and residential district with excellent access to a major highways.
5.  The Hampton Roads community features a growing, vital economic landscape.
6.  The market is large and diverse and pulls from many customer demographic groups -- from families, tourists, retirees, students, to professionals.
7.  The extensive menu satisfies diverse customer choices for food and drink. 
8.  This business has built a loyal, profitable customer base for almost 3 decades. 
9.  The facility seats over 225 people (inside) and is an excellent location for large group and corporate outings.
10. There are numerous growth opportunities available, including catering, group events, and live music concerts. 


Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $10,377
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $257,020
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $143,716
    • Incl : Yes
    • Total Assets $411,113
    • Incl : Yes

Lender Prequalified: No

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Restaurants