Profitable Bar with Semi Absentee Operations
$169,900
Seller financing available
The seller is open to letting you pay part of the price over time.
Real estate included
The property comes with the business.
Training included
The seller will help you get up to speed after closing.
About this business
Well-established dive bar with a simple menu of tacos and drinks, offering a laidback atmosphere. Operates semi-absentee with a dedicated manager handling day-to-day operations. Features 800 sq. ft. of space including indoor seating and a charming outdoor area. Located in a growing neighborhood near downtown, surrounded by restaurants, breweries, and shopping, offering great potential for expansion.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$169,900
- Annual Revenue$407,557
- SDE$74,686
- 2.3×
- Price to SDE
- 0.4×
- Price to revenue
- 18%
- SDE margin
- Approx. Inventory Value
- $1,000
- Approximate FF&E
- $8,000
Details
- 2017
- Established · 9 yrs
- 7
- Employees
- Bar
- Business type
- Leased
- Premises
Financing & transition
- Seller financing
- Yes
- Training after the sale
- Included
- Cost
- Free
Property & lease
- Premises
- Leased
- Rent (monthly)
- $979
- Lease Expiration
- Apr 30, 2027
Where it is · Norfolk, Virginia
Somewhere in Norfolk, Virginia. The exact address is not on this listing.
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The information in this listing has been provided by the business seller or representative stated above. Venturu 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.
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