Well Established Sports Bar & Grill

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
Well Established Sports Bar & Grill

Asking Price:$250,000

Cash Flow:$70,000

Gross Revenue:$450,000

EBITDA:N/A

FF&E:$20,000

Inventory:$25,000*

Established:N/A

*not included in asking price.

Well Established Sports Bar & Grill

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Business Description

Well Established Sports Bar & Grill. Operating 13 years by the current owners, this Sports Bar has a unique character and operation second to none. Supported by 12 employees, two Managers, and a creative Chef, the owners have created an environment and consistency in product and atmosphere that keeps customers coming back. The kitchen rocks every day producing standard and sought after bar fare, coupled with a daily happy hour and tantalizing drink specials. That’s not all, the facility is surrounded in televisions providing entertainment for every taste. And for those who love to swing a pool cue, the place has two high quality tables for the pool table enthusiast. Customers will say it’s the greatest “hole in the wall”, and mean that in the most complementary fashion. The liquor license runs until 2AM, which in itself sets the operation apart from many and the lease space is set up in such a way where it’s sanctioned to accommodate a smoking and non-smoking area. This too is a unique bonus. All of the equipment in the kitchen and bar area is in great operating condition with a reasonable monthly lease at $3,150. The owners, while they closely watch over the operation, rely heavily on the managers in place to run the day to day. Looking to retire, the owners have an employee / manager structure in place so they can operate near absentee. Making the decision to operate this way, the owners have exchanged some of their income to staffing. A buyer will have the option of converting back to an operating position and increase their income. Either way, this operation is slick. And for the right buyer the current owners will insure a smooth transition, and in addition, with a reasonable down payment the owners will offer seller financing. For more information, call Frank Chebalo at 757-478-8346 or email at: frank@advancedbusinessbrokerage.

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement

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Frank Chebalo, CBI,ABI,CMSBB,CBC

Business Listed By:
Frank Chebalo, CBI,ABI,CMSBB,CBC

Advanced Business Brokerage LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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