Hampton Roads Restaurant, Bar and Catering Business for Sale

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Restaurants for Sale

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.

Financial Information

  • $435,000 Asking Price
  • $225,000 Cash Flow
  • $1,233,000 Gross Revenue
  • Negotiable Down Payment

Business Location

  • City: Hampton Roads
  • State: Virginia

Detailed information

  • Year Established: 0
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 15
  • Part-Time Employees: 5
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: $5,000
  • Monthly Rent: On request
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Building Size: 4986
  • FF&E Included?: Yes
  • FF&E Value: N/A

Training/Support

  • Seller will negotiate a transition period
Business Listed by
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Charles Broadwater
Sunbelt of Richmond
Show Phone Number
Listing ID
RICHMVA001-47243

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