Semi-Absentee and Profitable Dive Bar
Norfolk area
This well-established dive bar features a simple menu of tacos and drinks, offering a laid-back atmosphere. Currently operating as a semi-absentee business, the owner oversees ordering and payroll, while day-to-day operations are managed by a dedicated manager. The 800 sq. ft. space includes both indoor seating and a charming outdoor area, perfect for enjoying drinks in the fresh air. Located in a growing neighborhood near downtown, the area boasts a mix of restaurants, breweries, and shopping, making it easily accessible and full of potential for future growth. There are plenty of opportunities to expand the business, such as extending hours, increasing delivery services, ramping up marketing efforts, and more.

Listing Number:

23999

Category:

Bar/Liquor,Food - Restaurant

Location:

Norfolk area
$169,900

Financial Information:

Gross Revenue:

$407,557

Listed Price:

$169,900

Down Payment:

$0

Total Income:

$74,686

Year Established:

2017

Lease Information:

Square Feet:

800

Total Rent:

$979

Lease Expiration:

04/2027

Lease Options:

N/A

Asset Information:

Leasehold Improvements:

$45,000

Equipment / Fixtures:

$8,000

Inventory:

$1,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

1

Part-Time Employees:

6

Special Licence Required:

N/A

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Other business

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:
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Semi-Absentee and Profitable Dive Bar
Norfolk area

Listing Number:

23999

Category:

Bar/Liquor,Food - Restaurant

Location:

Norfolk area

Listed Price:

$169,900
brokerPhoto
Timothy Johnson
Office: (757) 866-2321 | Cell:
License #:
This well-established dive bar features a simple menu of tacos and drinks, offering a laid-back atmosphere. Currently operating as a semi-absentee business, the owner oversees ordering and payroll, while day-to-day operations are managed by a dedicated manager. The 800 sq. ft. space includes both indoor seating and a charming outdoor area, perfect for enjoying drinks in the fresh air. Located in a growing neighborhood near downtown, the area boasts a mix of restaurants, breweries, and shopping, making it easily accessible and full of potential for future growth. There are plenty of opportunities to expand the business, such as extending hours, increasing delivery services, ramping up marketing efforts, and more.

Financial Information

Gross Revenue:

$407,557

Listed Price:

$169,900

Down Payment:

$0

Total Income:

$74,686

Year Established:

2017

Lease Information

Square Feet:

800

Total Rent:

$979

Lease Expiration:

04/2027

Lease Options:

N/A

Asset Information

Leasehold Improvements:

$45,000

Equipment / Fixtures:

$8,000

Inventory:

$1,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

1

Part-Time Employees:

6

Special License Required:

N/A

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Other business

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

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