2-Story Norfolk Bar & Restaurant Downtown - Real Estate Included
Norfolk, VA
| Asking Price: | $1,600,000 |
| Inventory: | $5,000 |
| Established Year: | 2016 |
| Gross Revenue: | $1,200,000 |
| FF&E: | $600,000 |
Listing ID: 1930734Listing provided by BizBuySell
BUSINESS DESCRIPTION
Own a piece of a high-traffic and historic downtown area with this established American-themed 3-story Bar/Restaurant with real estate included. With one of the largest restaurant spaces in its corridor, there is ample opportunity for growth in private functions as well as creating themed uses of the 3rd floor (i.e. "speakeasy"). With a consistent and capable staff in place, this turn-key opportunity is ideal for a restauranteur looking to scale their business or expand into a heavy traffic downtown corridor.
Contact Pooya Mohit at pooya@alltradesglobal.com today for more information on this one-of-a-kind opportunity.
DETAILED INFORMATION
Location
Norfolk, VA
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,400
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Stunning 3-Story Bar/Restaurant seats 210+ patrons. A separate bar and seating area, used for special events and private functions.
Competition
Rare opportunity to own BOTH the business and the property in a coveted well-trafficked downtown corridor surrounded by a dense mix of retail, professional spaces as well as residential lofts and condos. Limited options with the spaciousness of this establishment.
Growth & Expansion
Ample room for growth in the expansion of hours into after-dinner service as well as additional opportunities for private events and unique opportunities with the 3rd-floor bar and seating space with its own separate entrance.
Support & Training
Seller will provide training during the transition period. Terms to be negotiated.
Reason for Selling
Retirment/Pursue other business opportunities.
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