Highly Profitable Restaurant and Bar near the Boardwalk

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Absentee Run - Fantastic Location
Asking Price:

Gross Revenue:
Cash Flow:
 Not Disclosed

included in asking price

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Business Description

Ideal Virginia Beach Boardwalk Location

This established and highly profitable upscale restaurant and bar has been successfully operating for over 7 years. Located near the Boardwalk this restaurant provides upscale, modern, inviting décor, quality reasonably priced offerings, a fun atmosphere for individuals of all ages and live entertainment 2-3 times a week. Don’t miss your chance to capitalize on the #1 vacation destination in Virginia that hosts over 7.1 million overnight visitors and 8.1 million day visitors each year. Virginia Beach tourists spent over 1.5 billion dollars in 2017, a number that has been increasing annually.

Key Investment Considerations

• $1,500,000 + Gross sales
• $250,000 + Cash flow in
* Semi-absentee owner about 10 hours weekly
• $250,000 + Cash flow average over the last 4 years
• $200,000 + In FF&E
• $170,000 + In leasehold improvements
• Clean books and records
• Turnkey operation with management team in place
• SBA lender pre-qualified
• Ideal location in a pristine building near the Boardwalk
• Upscale and modern décor and furnishings
• Recently installed new flooring and paint
• Long term lease and options in place
• Full ABC
• Full commercial kitchen
• Kitchen equipment is in excellent shape
• Large Bar and dining areas
• Large patio for increased occupancy
• 5,300+ sq/ft overall
• Seller financing shows seller’s confidence in continued success

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

About the Business

Va Beach, Virginia
Year Established:
Number of Employees:
Real Estate:
Building Sq. Ft.:
$17,000.00 Per Month
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About the Sale

Reason For Selling:
other interests
2 weeks
Seller Financing:

Listing Info

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Business Listed by

Steve Sigman

Transworld Business Advisors

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