Established Restaurant & Bar in growing Northern Neck of Virginia
Business Description
Established Restaurant & Bar in growing Northern Neck of Virginia
This profitable American restaurant and bar represents an exceptional opportunity in Virginia's growing Northern Neck region. Established in 2020, the business has demonstrated remarkable consistency with annual revenues ranging from $795,000 to $1,050,000 over five years, currently generating $865,000 annually.
Business Overview:
• Prime downtown location in a thriving Northern Neck community
• 3,500 square feet of operating space with favorable lease terms
• Long-term lease security through January 1, 2035 at $12 per square foot
• Experienced team of 22 employees available for retention
• Strong profit margins with established customer base
Financial Highlights:
• Annual revenue: $865,000
• Consistent revenue history: $795,000 - $1,050,000 over five years
• FF&E valued at $150,000
• Inventory included in asking price ($15,000)
• Asking price: $575,000
Growth Opportunities:
The business offers significant expansion potential through extended operating hours and addition of catering services. The prime downtown location provides excellent visibility and accessibility for increased customer traffic.
Location Advantages:
• Strategic position in the heart of a growing Northern Neck town
• Established in the prime downtown hub
• Benefits from increasing regional development and tourism
Transition Support:
The current ownership offers comprehensive transition assistance including 30-day post-sale consultation and the option to retain key employees, ensuring operational continuity.
Reason for Sale:
Ownership seeks to focus on other business ventures, creating this opportunity for new ownership to capitalize on an established, profitable operation with proven growth potential.
This turnkey restaurant and bar combines proven profitability with significant upside potential in a desirable Virginia location.
This profitable American restaurant and bar represents an exceptional opportunity in Virginia's growing Northern Neck region. Established in 2020, the business has demonstrated remarkable consistency with annual revenues ranging from $795,000 to $1,050,000 over five years, currently generating $865,000 annually.
Business Overview:
• Prime downtown location in a thriving Northern Neck community
• 3,500 square feet of operating space with favorable lease terms
• Long-term lease security through January 1, 2035 at $12 per square foot
• Experienced team of 22 employees available for retention
• Strong profit margins with established customer base
Financial Highlights:
• Annual revenue: $865,000
• Consistent revenue history: $795,000 - $1,050,000 over five years
• FF&E valued at $150,000
• Inventory included in asking price ($15,000)
• Asking price: $575,000
Growth Opportunities:
The business offers significant expansion potential through extended operating hours and addition of catering services. The prime downtown location provides excellent visibility and accessibility for increased customer traffic.
Location Advantages:
• Strategic position in the heart of a growing Northern Neck town
• Established in the prime downtown hub
• Benefits from increasing regional development and tourism
Transition Support:
The current ownership offers comprehensive transition assistance including 30-day post-sale consultation and the option to retain key employees, ensuring operational continuity.
Reason for Sale:
Ownership seeks to focus on other business ventures, creating this opportunity for new ownership to capitalize on an established, profitable operation with proven growth potential.
This turnkey restaurant and bar combines proven profitability with significant upside potential in a desirable Virginia location.
About the Business
- Years in Operation
- 5
- Employees
- 22
- Facilities & Assets
- Fully operational restaurant with 2,200 square foot dining and bar area, 600 square foot patio and 1200 square foot kitchen/storage areas. 44 space parking lot in addition to ample street parking. Fully equipped bar, dining room and kitchen.
- Market Outlook / Competition
- Located in the prime location of the downtown hub of a growing Northern Neck town.
- Opportunities for Growth
- Excellent growth opportunities through expanded operating hours, addition of catering services, etc.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,500
- Rent
- $3,500.00 per month
- Lease Expiration
- 1/1/2035
About the Sale
- Seller Motivation
- Ownership wants to focus on other projects.
- Transition Support
- Key employees can remain with the business if desired. Management will remain available to consult for 30 days after turnover.
Listing Info
- ID
- 2394177
- Listing Views
- 85
Listing ID: 2394177 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.