Turnkey Restaurant & Lounge with sublease
Business Description
Embrace the opportunity to make this distinguished location the vibrant home of your thriving business, where style meets practicality and every feature is designed to foster success. Welcome to a space that seamlessly integrates sophistication, efficiency, and endless potential.
By sub-leasing this already established restaurant/lounge you will be off to great start by bringing your own vision to life as a much-needed hospitality venue in the Denbigh area of Newport News. Elevated by premium amenities, which are included in the asset purchase aside from the sub-lease, are furniture fixtures and equipment that will aid you in bringing your vision to life. The $60k asset sale includes all FF&E, premium sound system, state of the art point of sale system, premium security system, kitchen equipment (excluding ice machine) 10 flat screen tv’s, tables and chairs as well as built in booth sectionals and DJ Booth.
Sublease through October 2026 with (2) additional 3yr terms available. Turnkey includes the sublease at $6700 monthly plus an additional $60,000 for the purchase of the FF&E which includes: sound system, security system, Point of sale system, tables & chairs, 10 flat screen tv's, kitchen equipment (not including ice machine)
By sub-leasing this already established restaurant/lounge you will be off to great start by bringing your own vision to life as a much-needed hospitality venue in the Denbigh area of Newport News. Elevated by premium amenities, which are included in the asset purchase aside from the sub-lease, are furniture fixtures and equipment that will aid you in bringing your vision to life. The $60k asset sale includes all FF&E, premium sound system, state of the art point of sale system, premium security system, kitchen equipment (excluding ice machine) 10 flat screen tv’s, tables and chairs as well as built in booth sectionals and DJ Booth.
Sublease through October 2026 with (2) additional 3yr terms available. Turnkey includes the sublease at $6700 monthly plus an additional $60,000 for the purchase of the FF&E which includes: sound system, security system, Point of sale system, tables & chairs, 10 flat screen tv's, kitchen equipment (not including ice machine)
About the Business
- Facilities & Assets
- Located in the bustling city of Newport News, VA, 416 Denbigh Blvd offers a prime retail sub-leasing opportunity in a vibrant neighborhood. The area is surrounded by a mix of local boutiques, restaurants, and well-established retail brands, creating a dynamic and diverse shopping environment. Turnkey includes the sublease at $6700 monthly plus an additional $60,000 for the purchase of the FF&E which includes: sound system, security system, Point of sale system, tables & chairs, 10 flat screen tv's, kitchen equipment (not including ice machine)
- Website
- https://buildout.com/website/416Denbigh-blvd
About the Sale
- Seller Motivation
- Time restrictions
- Transition Support
- Owner will stay on for 30 days for training/equipment training. You will be subleasing through the owner so there will be continued access for the first year.
Listing Info
- ID
- 2403270
- Listing Views
- 465
Business Location
Listing ID: 2403270 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.
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