Virginia Beach Sports Bar & Grill for sale

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Asking Price:
$200,000

Gross Revenue:
$550,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
not included in asking price

FF&E:
$75,000
included in asking price

Real Estate:
 Not Disclosed

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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.

About the Business

Year Established:
2010
Number of Employees:
4 FTE, 4 PTE
Facilities:
1,300 sq. ft. leased space
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About the Sale

Training/Support:
Seller will negotiate a transition period
Seller Financing:
Seller financing will be consider for a qualified buyer

Listing Info

Keywords:
food, retail, restaurant, sports bar, liquor, drinking places, bar and grill, virginia beach, bar for sale, seller financing, owner financing, well located
ID:
1394598
Ad Detail Views:
1023

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Business Listed by

Charles Broadwater

Sunbelt Business Brokers / Broadstone Capital LLC.

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U.S. Census Data for Virginia Beach city County, VA
Age

Gender

Ethnicity

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Virginia Beach city County, VA
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Education

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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