30 Year Old Profitable Pub For Sale in Virginia Beach
City Center

These well established business do not come around often.... They have been located in the same location for over 30 years, in very central area that is a destination for dining as well as shopping.   The location has been well-maintained and renovations consistently made over the years. There is managers in place and so the Seller is part-time but oversees the business, payroll and some marketing functions.  There are also still ways to grow the business while still profiting from the large customers base.

Listing Number:

23175

Category:

Bar/Liquor,Food - Restaurant

Location:

City Center
$425,000

Financial Information:

Gross Revenue:

$903,474

Listed Price:

$635,875

Down Payment:

$0

Total Income:

$231,227

Year Established:

1987

Lease Information:

Square Feet:

3200

Total Rent:

$4,896

Lease Expiration:

$50,000

Lease Options:

Yes

Asset Information:

Leasehold Improvements:

$50,000

Equipment / Fixtures:

$50,000

Inventory:

$2,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

15

Part-Time Employees:

5

Special Licence Required:

Food Safety and ABC

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Retirement and other opportunities

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First Choice Business Brokers

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.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

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Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:

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30 Year Old Profitable Pub For Sale in Virginia Beach
City Center

Listing Number:

23175

Category:

Bar/Liquor,Food - Restaurant

Location:

City Center

Listed Price:

$425,000
brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:
These well established business do not come around often.... They have been located in the same location for over 30 years, in very central area that is a destination for dining as well as shopping.   The location has been well-maintained and renovations consistently made over the years. There is managers in place and so the Seller is part-time but oversees the business, payroll and some marketing functions.  There are also still ways to grow the business while still profiting from the large customers base.

Financial Information

Gross Revenue:

$903,474

Listed Price:

$425,000

Down Payment:

$0

Total Income:

$231,227

Year Established:

1987

Lease Information

Square Feet:

3200

Total Rent:

$4,896

Lease Expiration:

09/2026

Lease Options:

Yes

Asset Information

Leasehold Improvements:

$50,000

Equipment / Fixtures:

$50,000

Inventory:

$2,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

15

Part-Time Employees:

5

Special License Required:

Food Safety and ABC

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Retirement and other opportunities

First Choice Business Brokers

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.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.

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