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Laid-Back Local Bar With Food, Cocktails, Live Music For Sale

Virginia Beach, Virginia, US
Asking Price:
$249,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$686,357
Cash Flow:
$179,542

A well-loved neighborhood “dive” with a loyal local following, this popular bar has built an outstanding reputation and established itself as a favorite gathering place in the community. Guests come back for the great food, well-crafted drinks, and laid-back atmosphere, while live entertainment and games keep the energy going and give the business broad appeal.

The operation is designed for efficiency, with a dependable and capable team handling the day-to-day business. The owner currently spends just 10 hours per week on-site, offering a great opportunity for an owner-operator or investor looking for a well-run business with flexibility.

The 2,800-square-foot space provides generous seating and plenty of room for entertainment, events, and game nights. An inviting outdoor patio and ample parking add to the convenience and overall appeal of the property.

With a strong track record, healthy cash flow, and an established presence in the community, this business is well-positioned for continued success. A new owner can step into an operation with a proven foundation while still having plenty of room to introduce fresh ideas, expand offerings, and drive additional growth.

Property Information

Real Estate:

Lease

Lease Terms:

Expires Feb 2027, 5 years options available.

Leasehold Rent:

$65,940 per annum

Location:

Located at a busy, well-known intersection, this spot offers excellent visibility, plenty of parking, outdoor seating, and a spacious interior with plenty of room for entertainment, games, and gatherings.

Size in square feet:
2,820

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Growth opportunities include expanding the menu, adding breakfast and brunch, increasing local advertising, and featuring more live music to attract new customers and boost sales.

Competition / Market:

Only dive bar in the general area

Reasons for selling:

Other business opportunities

Trading hours:

12pm - 2 am

Employees:
12
Years established:
2017

Other Information

Support & training:

2 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

75k in Seller Financing

Furniture / Fixtures value:
$35,000 - included in the asking price
Inventory / Stock value:
$1,500 - included in the asking price