$400,000

High Volume BBQ Smokehouse and Tavern

Virginia/Virginia Beach
Financials
  • Price: $400,000
  • Gross Income: $1,600,000
  • Cash Flow: $260,000
  • FFE: $300,000
  • Inventory: $0
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #1591
  • Year Established: 0
  • Financing: Possible
  • Training:
  • Facilities:
  • Competition:
  • Growth:
  • Employees:

Property Descriptions

High Volume BBQ Smokehouse and Tavern on the Southside of Hampton Roads. This beautiful restaurant if projected to exceed $1.7 million in sales this year. The restaurant draws customers from its proximity to residential homes, vacation beach homes and local businesses. The current owner has a reputation for developing high volume, well-run restaurants throughout Hampton Roads and Richmond. This location features a build-out of high end features with 5000 square feet of space. The lease still has multiple 5-yr options available. The rent ration to revenue in 2014 was less than 6% of sales. This location has built a solid reputation and large following of customers. For more information, call Chris Settelen with Advanced Business Brokerage at (757) 967-7249 or email at Settelen@advancedbusinessbrokerage.com.

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Business Listed By

Frank Chebalo, CBI, ABI, CMSBB, CBC 4445 Corporation Lane, Virginia, Virginia Beach