Locals Bar and Taco Joint

  • Listing# : 13013
  • Listed Price : $129,500
  • Total Sales : $429,531
  • SIC : 5812
  • Down Payment : $129,500
  • Status : Active
  • Discretionary Earnings : $95,045

Business Type :

Restaurants

Business Description :

Locals Bar and Taco Joint. Located at a prime dining area with a bustling night life, this restaurant has established itself as a great place for dinner or an exciting way to spend the evening. Built on the belief that well executed simplicity leads to quality product and sustainable growth, this restaurant has endeared itself to local residents with award winning food and craft cocktails. An emerging player on the Virginia Beach scene, this restaurant offers a brand ripe for expansion. The facility seats 99 in 3500 square feet with a reasonable lease at $3,100 per month. The reported revenue and cash flow are based on the first six months of this year and are projected conservatively. The owners will insure a smooth and comfortable transition, and for the right buyer candidate may offer some level of financing.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $3,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $60,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $63,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Restaurants