Turnkey full-service restaurant and bar known for its great food, extensive beer selection on tap, and relaxed neighborhood atmosphere. Located in a rapidly growing area with a healthy mix of residential communities and local businesses, this establishment draws steady traffic and loyal repeat customers. The owners have other careers, so the business is fully operated by seasoned management and an experienced staff, making this a smooth transition for any buyer—whether hands-on or semi-absentee. A long-term lease provides stability, and the space offers a welcoming environment perfect for gatherings, casual dining, and after-work drinks. With strong fundamentals already in place, there is significant upside for a new owner to expand hours, enhance marketing, add events, or grow catering and takeout. Ideal turnkey opportunity for an operator or investor looking for a thriving restaurant with room to grow.
- Asking Price:
- $359,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,110,468
- Cash Flow:
- $114,502
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$120,144 per annum
- Premises Details:
-
The business is a self-serve taproom with 44 taps using the PourMyBeer system, offering a comfortable space perfect for friends and families to hang out. It highlights mostly local beers, with about 75% coming from Virginia Beach. The location includes indoor and outdoor seating for around 100 guests, a well-equipped kitchen, walk-in cooler, TVs, sound system, security cameras, and current inventory needed to operate smoothly.
- Size in square feet:
- 3,430
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
The business can grow by expanding catering services, enclosing the patio for year-round events, and improving advertising. It could also host live music, themed nights, and community events to bring in new customers and keep regulars coming back.
- Competition / Market:
-
Other restaurants and breweries in the area.
- Reasons for selling:
-
Other business and personal interest.
- Trading hours:
-
Monday - Sunday
11am - 9pm, 10pm or 11pm
- Employees:
- 25 (2 Full-time, 23 Part-time)
- Years established:
- 2017
Other Information
- Support & training:
-
2 Weeks.
- Furniture / Fixtures value:
- $81,000 - included in the asking price
- Inventory / Stock value:
- $2,500 - included in the asking price
