Virginia Beach Sports Bar & Grill for sale

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
Sports Bar and Grill

Asking Price:$180,000

Cash Flow:$100,000

Gross Revenue:$550,000

EBITDA:N/A

FF&E:$75,000

Inventory:$4,000

Established:2010

Virginia Beach Sports Bar & Grill for sale

Get Financing Save Print Share Valuation Report

Business Description

-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.

Detailed Information

Inventory:
Included in asking price
Employees:
4 FTE, 4 PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,300 sq. ft. leased space
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period

Listing Statistics for Premium Members

Ad#:1231647 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Charles Broadwater

Business Listed By:
Charles Broadwater

Sunbelt Business Brokers / Broadstone Capital LLC.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Barberitos Southwestern Grille & Cantina

Franchise Opportunity In VA
Capital Required: $120,000