Restaurant and Bar in Prime VB Location - SBA Pre-Approved

Virginia Beach City County, VA

Seller Financing Available
Restaurant and Bar in Prime VB Location - SBA Pre-Approved
Contact Seller

Asking Price: $350,000

Cash Flow: $227,731

Gross Revenue: $1,221,234

EBITDA: N/A

FF&E: $140,000

Inventory: $16,000

Rent: $5,932.17 /Month

Established: 2013

Restaurant and Bar in Prime VB Location - SBA Pre-Approved

Save Print Share Valuation Report

Business Description

Great Location - Trending Concept

This established and highly profitable restaurant and bar has been operating successfully for over 6 years and the profit margins continue to rise as the owners have made slight concept adjustments to keep up with current local trends. They offer a diverse menu made from only the freshest ingredients and a vast selection of beer, wine and specialty cocktails all in a warm and inviting atmosphere that is suitable for patrons of all ages.

Key Investment Considerations:
• $1,200,000+ In revenues
• $225,000+ In cash flow
• $15,000+ in inventory included
• $120,000+ in FF&E
• $150,000+ in Leasehold improvements
• Located in a busy shopping center
• Ample seating both inside and out
• Great name recognition without costly franchise royalties
• Operating successfully for over 6 years
• Skilled staff in place
• SBA lender pre-approved
• Seller financing shows seller’s confidence in continued success

As always, other brokers are welcome. Bring your qualified buyers while this opportunity still exists

Detailed Information

Location:
Virginia Beach City County, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,800
Lease Expiration:
N/A
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
150000.00
Support & Training:
2 weeks
Reason for Selling:
relocating
Contact Seller

Contact the Seller

Contact Seller Loading

Steve Sigman

Business Listed By:
Steve Sigman

Transworld Business Advisors

Show Phone Number

View My Listings

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.

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1684625 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.


Similar Listings


Saladworks

Franchise Opportunity
Cash Required: $125,000