Semi-Absentee and Profitable Dive Bar

Asking Price$169,900

Cash Flow
$74,686
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$407,557

Inventory$1,000
Included in asking price
FF&E$8,000
Included in asking price
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Semi-Absentee and Profitable Dive Bar


Asking Price$169,900

Cash Flow
$74,686
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$407,557

Inventory$1,000
Included in asking price
FF&E$8,000
Included in asking price

Seller Financing Available
Business Description
This well-established dive bar features a simple menu of tacos and drinks, offering a laid-back atmosphere. Currently operating as a semi-absentee business, the owner oversees ordering and payroll, while day-to-day operations are managed by a dedicated manager. The 800 sq. ft. space includes both indoor seating and a charming outdoor area, perfect for enjoying drinks in the fresh air. Located in a growing neighborhood near downtown, the area boasts a mix of restaurants, breweries, and shopping, making it easily accessible and full of potential for future growth. There are plenty of opportunities to expand the business, such as extending hours, increasing delivery services, ramping up marketing efforts, and more.
About the Business
Years in Operation
8
Employees
7
Facilities & Assets
Nice small space with mainly bar and high tops. There is also an outside deck.
Market Outlook / Competition
A good area for other restaurants and bars. It is a destination area for food.
Opportunities for Growth
Open additional days, increase take out orders, and do marketing.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
800
Rent
$979.00 per month
Lease Expiration
4/30/2027
About the Sale
Seller Motivation
Other business needs attention
Transition Support
2 weeks
Financing Options
TBD
Listing Info
ID
2332185
Listing Views
1847

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Business Listed by: Tim Johnson First Choice Business Brokers of Hampton Roads

Listing ID: 2332185 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.