Profitable Bar with Strong Cash Flow and Entertainment
$389,000
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
Beloved local dive bar in Virginia Beach with a stellar reputation for great food, cocktails, and live entertainment. Features 2,800 sq ft of space, outdoor patio, and ample parking. Strong cash flow with owner working just 10 hours weekly. Prime location with growth potential through expanded menu and live music.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$389,000
- Annual Revenue$641,107
- SDE$170,865
- 2.3×
- Price to SDE
- 0.6×
- Price to revenue
- 27%
- SDE margin
- Approx. Inventory Value
- $1,500
- Approximate FF&E
- $35,000
Details
- 2017
- Established · 9 yrs
- 12
- Employees
- 10
- Owner hours per week
- Bar
- Business type
- Leased
- Premises
Financing & transition
- Seller financing
- Yes
- Training after the sale
- Included
- Cost
- Free
Property & lease
- Premises
- Leased
- Rent (monthly)
- $5,495
- Lease Expiration
- Feb 28, 2027
Where it is · Virginia Beach, Virginia
Somewhere in Virginia Beach, Virginia. The exact address is not on this listing.
Ad#:754
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