Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

U-Turn Vending Franchise Opportunity

Marcos Pizza Franchise Opportunity

Papa Murphys Pizza Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Restaurant And Bar For Sale
Location: United States -> Virginia -> Virginia Beach
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Financial information
asking: $350,000
gross: $800,000
cash flow: $175,000
furniture, fixtures & equipment: $150,000
financing: seller financing with 50% down 5 years at 8%
seller financing is available

Summary description
This 6,000 sq ft restaurant lounge is located center strip in one of the largest beach resorts on the east coast and is a cash cow. There are two floors, on the first floor is the restaurant which is New Orleans themed, seating 110 with occupancy for 145. There is a full length bar, newly refurbished with big screen TV, porcelain tile counter tops and has table and banquette seating for 110. Full kitchen and dish washing area is on this floor. The second floor is a 3,000 sq ft. Lounge that seats 112 with pool tables, dance floor, band stand and a 4,800 watt sound system with a DJ booth. The second floor lounge is event driven with parties and themed gatherings during the week and open to resort traffic on weekends, this floor is 90% liquor sales. This is a non- seasonal business drawing both resort vacationers and locals year round. Present owner has put together a very attractive offering in order to move this property out of his portfolio. Call to arrange a showing, if you see it, you ll buy it! Super clean, ready to make money on day one. Option on real estate.

General information
Facilities: two floors, restaurant on first floor with lounge/dance floor and dj on Second floor. 6,000 sq. ft. total
Competition: center strip on the oceanfront of a major east coast beach Destination city. Across from municipal parking lot with unlimited parking.
Support/training: owner will provide a 3 week transition period, present Management will stay on during transition.
Reason selling: absentee owner is consolidating investments.
Year established: 2004
Employees: 3ft/12pt

Email or call Ray at 717-287-4140 for more information on this bar and restaurant for sale.


Asking Price Range:  $250K - $500K
Gross Revenues:   $800,000
Cash Flow:   $175,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $150,000
Seller Financing:  Yes

About The Business

Year Established:  2004
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease


View Larger Photo(s) Of Business
Restaurant And Bar For Sale Photo 1 Restaurant And Bar For Sale Photo 2 Restaurant And Bar For Sale Photo 3

Print Listing Id: 700141927
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!

Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers

Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700141927
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.