Premiere listening room for live Jazz, Blues and R&B
Virginia Beach, VA
| Asking Price: | $399,900 |
| Gross Revenue: | $1,327,612 |
| Rent: | $14,217 |
| Established Year: | 2021 |
| Cash Flow: | $204,210 |
| Inventory: | $2,500 |
| FF&E: | $80,000 |
Listing ID: 2290421Listing provided by BizBuySell
BUSINESS DESCRIPTION
This profitable live entertainment venue is one of the few of its kind in the area. It has a capacity of over 200 guests, with both indoor and outdoor seating available. In addition to entertainment, it offers a full bar and menu. The current owner, working part-time, has achieved a seller's discretionary earnings (SDE) of over $200,000. A solid staff is in place to handle day-to-day operations, and with strong cash flow, there are still plenty of opportunities for expansion.
DETAILED INFORMATION
Location
Virginia Beach, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,803
Lease Expiration
31/10/2026
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Capacity for over 200, outdoor seating, and 2 x 5 year options.
Competition
Not a lot of competition for this sort of venue in the area
Growth & Expansion
Increase capacity, diversify types of entertainment, increase revenue during the week.
Financing
TBD
Support & Training
2 weeks
Reason for Selling
Retirement
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