Profitable Cigar Lounge, Food and Drinks, and Live Music

Asking Price$1,100,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,659,584

InventoryNot Disclosed

FF&ENot Disclosed

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Profitable Cigar Lounge, Food and Drinks, and Live Music


Asking Price$1,100,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,659,584

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Step into a turnkey opportunity that delivers immediate cash flow and lifestyle rewards in Glen Allen's thriving hospitality market. This profitable cigar lounge positions you to capitalize on the premium leisure industry while enjoying the satisfaction of creating memorable experiences for discerning clientele.

You'll inherit an established revenue stream from multiple profit centers that work synergistically to maximize earnings. The walk-in humidor featuring prestigious brands like Padron, Ashton, Davidoff, and Montecristo creates high-margin sales while attracting affluent customers who value quality. Your diverse food menu - from artisanal flatbreads to gourmet entrees - transforms casual visits into extended, profitable dining experiences.

The weekly live entertainment program, including jazz bands and DJ performances, drives consistent traffic and creates a loyal community around your venue. This means predictable weekend revenue and opportunities to host private events for additional income streams.

As the new owner, you'll benefit from an established customer base that appreciates premium experiences, reducing your marketing costs and time to profitability. The retiring owner's successful operational systems are ready for your leadership, allowing you to focus on growth rather than startup challenges.

This business solves the common buyer dilemma of lengthy ramp-up periods by offering immediate market presence in a recession-resistant industry. Premium cigar and dining experiences remain strong even during economic uncertainty, as your target demographic prioritizes quality leisure time. Revenue streams average approximately 50% alcohol, 35% food and 15% tobacco. The venue has a spacious lounge area, indoor and outdoor seating, that has a state-of-the-art ventilation system that allows you to smoke inside.

With the foundation already built, you can explore expansion opportunities such as private membership programs, corporate events, or extended hours to capture additional market share. The established reputation and prime location provide the perfect platform for scaling operations while maintaining the intimate atmosphere that drives customer loyalty and premium pricing.
About the Business
Years in Operation
14
Employees
12 (4 Full-time, 8 Part-time)
Part time employees work less than 30 hours
Currently Relocatable
Yes
Facilities & Assets
All existing restaurant equipment, kitchen equipment, tables, chairs, walk-in cooler, dishes, silverware, glasses, etc.
Market Outlook / Competition
The entertainment, lounge, and restaurant business is very competitive. The owner of this business is unique in his offerings of premium cigars that provide a competitive advantage not easily duplicated by other restaurants and entertainment venues. The Company's location in a highly visible and attractive West End neighborhood in Henrico County, VA is a strong plus factor compared to other competitors.
Opportunities for Growth
Owner doubled the available space several years ago. Lease is assumable and extends 5 1/2 more years to 2032 with no escalation clause. Excellent location and extremely loyal clientele with many regular customers who come back week after week. New opportunities for growth include: private corporate events, sales of memberships and patronage into the lounge, and extended operating hours.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,000
Rent
$13,168.00 per month
Lease Expiration
1/1/2032
About the Sale
Seller Motivation
Retirement and owner's move out of the U. S.
Transition Support
The owner/founder will provide 3 months of transition consulting to the new owner.
Listing Info
ID
2506113
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Business Listed by: Wayne Bullis Rich-Biz Brokers & Advisors, LLC

Listing ID: 2506113 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.