Local "dive" bar serving food, cocktails and live entertainment

Virginia Beach, VA

Seller Financing Available

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Asking Price:$599,900
Gross Revenue:$641,107
Rent:$5,495
Established Year:2017
Cash Flow:$229,799
Inventory:$1,500
FF&E:$35,000
BUSINESS DESCRIPTION

This popular "dive" bar enjoys an excellent reputation in the area and has become a beloved local hangout. With great food, good drinks, and a perfect atmosphere for live entertainment and games, it has something for everyone. The owner is on-site for only about 10 hours a week, relying on a capable team to manage daily operations. Spanning 2,800 sq ft, the bar offers ample seating while still accommodating entertainment and game nights. It also features an outdoor patio and plenty of parking. This well-established restaurant boasts strong cash flow and offers numerous opportunities for further growth!


DETAILED INFORMATION
Location
Virginia Beach, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,820
Lease Expiration
28/02/2027
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
A great location at a major intersection, plenty of parking, outdoor seating and plenty of space for entertainment and games on the inside.
Competition
Only dive bar in the general area
Growth & Expansion
Add in additional menu items, add in breakfast, brunch and do some advertising add in live music
Financing
TBD
Support & Training
2 weeks
Reason for Selling
Other unrelated opportunties
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Tim
Johnson
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Tim Johnson