Listing ID:
RICHMVA001-N1405

Sports Bar & Grill For Sale in Virginia Beach

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.

              

Financials:

Industry: Restaurants | Bars | FoodService
State: Virginia
City: Virginia Beach
Annual Revenue: $550,000
Asking Price: $200,000
Annual Cash Flow: $100,000
Listing Agent: Charles Broadwater, Jr
Phone: 757-823-2363

Request Information About This Business