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Locals Bar and Taco Joint

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Vab, Virginia (Virginia Beach city Co.)   |  Entertainment and Leisure Businesses for Sale – Other Entertainment and Leisure Businesses for Sale   |  Businesses for Sale Between $50k and $100k

Asking Price:
$99,500

Gross Revenue:
$429,531
Cash Flow:
$95,045
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
$60,000
included in asking price

Real Estate:
 Not Disclosed

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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.

About the Business

Year Established:
2016
Number of Employees:
1 FTE; 10 PTE
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About the Sale

Training/Support:
Will train for 2 weeks @ no cost.

Listing Info

Keywords:
Restaurants, Entertainment, Venue, Virginia Beach County, Virginia
ID:
1401880
Ad Detail Views:
84

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Business Listed by

Russ Bieber

Murphy Business & Financial Corporation

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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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