Listing ID:
RICHMVA001-N1474

Neighborhood Restaurant and Bar for Sale

Description:

This neighborhood sports bar is located just several blocks from the oceanfront and is surrounded by nearly 500 apartment units.
Mostly all the customers come from the local area and either walk or bike to this business. The restaurant was open for lunch until recently when the owner opened another business. This business could easily be open later and provide entertainment as it has been during the summer months but the owner does want the late hours operation. They offer computer games on specific weeknights which are very popular. 
30 TVs tuned to sports channels
Computerized alcoholic beverages control system
Long lease with options and good terms and conditions
Rent factor less than 6%.

              

Financials:

Industry: Restaurants | Bars | FoodService
State: Virginia
City: Virginia Beach
Annual Revenue: $705,000
Asking Price: $160,000
Annual Cash Flow: $100,000
Listing Agent: Charles Broadwater, Jr.
Phone: 757-570-5292

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