This Newport News landmark has been serving food, drinks and good times for over 30 years! It is very profitable, popular and turnkey. With a great lease and location, and priced under 1.5X cash flow, this is the neighborhood Restaurant-Bar of your dreams!
| Listing ID #: | 1013 |
|---|---|
| Broker: | Ross A. Weinstein, Esq.- Director of Business Brokerage Services |
| City: | Newport News |
| State: | VA |
| Asking Price: | $149,900.00 |
| Revenue: | $700,000.00 |
| Cash Flow: | $100,000.00 |
| Business Type: | Restaurant-Bar |
| Year Established: | 1981 |
| Year Acquired: | 1981 |
| Employees: | 10 FT & 10 PT |
| Building: | 3,200 sq. ft. space in a prime location and high traffic shopping center. The base rent is $3,000/month |
| Reason for sale: | Retirement |
| Down Payment: | Negotiable |
| FF&E: | $100,000.00 |
| Rent: | $3,000.00 |
Ross A. Weinstein, Esq.- Director of Business Brokerage Services
Director / Business Brokerage Services
S.L. Nusbaum Realty Co. 440 Monticello Ave, 1700 Wells Fargo Center
Norfolk, Virginia 23510
757-640-2234 - Office
757-286-6980 - Mobile
757-640-2418 - Fax
rweinstein@slnusbaum.com