Hampton Roads Restaurant, Bar & Catering Business for sale
| Asking Price: | $435,000 |
| Gross Revenue: | $1,233,000 |
| Cash Flow: | $225,000 |
| Inventory: | $5,000 |
Well-known and historic 150-seat restaurant located in the historic section of the inner city. The restaurant has operated for more than 20 years at the same location and with the same owners.
The well-decorated facility has a small bar and space for private parties. The outdoor dining is covered and open-air, but enclosed and heated for cold weather availability. Triple net lease has better than great rent for downtown space. A full ABC license is transferable for a qualified new owner.
The semi-absentee owner has assembled a very qualified team, and they have operated the business successfully for many years. The seller is willing to do some financing for a qualified buyer to assure the buyer that they have confidence in the management team and financial information.
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