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  • Listing Number: 200-21348

  • Category: Food - Restaurant

Asking Price $129,000
Down Payment
Gross Revenue
Total Adjusted Net Income
Equipment / Fixtures $15,000
Year Established
General Location
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This Sports Bar for sale in a growing part of Virginia Beach and located in an opportunity zone.  The build out, equipment cost and working was over 200k.  Currently the business is profitable and growing each month.   They have a good team in place, a unique niche in the area and a loyal following.   Events are held each day which draws in customers.   Currently there are numerous ways to grow the business as very little has been invested in marketing.  The location is in one of the busiest parts of town, with big draws from other businesses in the area. The bar has all recent renovations and very clean, well kept bar.  The lease is favorable for the amount of sq ft, and no personal guaranty.  There is even outdoor seating.

Gross Revenue Listed Price $129,000
Total Income Down Payment
Base Rent Square Feet 3500
Total Rent $4,000 Lease Expiration 04/2024
Rent Deposit $4,000 Lease Options 2 options/5 years
Inventory Not Included Leasehold Improvements $175,000
Equipment / Fixtures $15,000 Other Assets
Full-Time Employees 2 Training Period 2 weeks
Part-Time Employees 3 Special License Required ABC Licnse
Contract Staff Reason for Selling Focus on other businesses

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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