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Accommodation & Food Services

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

Virginia Beach, VA, USA
Listed 33 days ago
Established 2017

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.

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.

Employees

12

Lease Terms

Expires Feb 2027, 5 years options available.

Real Estate

Lease

Trading Hours

12pm - 2 am

Leasehold Rent

$65,940 per annum

Management Type

This business is owner operated.

Owner Financing

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

Support & Training

2 weeks

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.

Size In Square Feet

2,820

Competition / Market

Only dive bar in the general area

Inventory / Stock Value

$1,500 - included in the asking price

Reason for Selling

Other business opportunities

Financials

Asking Price
$250K
RevenueMost Recent Year
$686K
Earnings (SDE)Last Reported
$180K
Assets ValueIncluded in Asking Price
$35K
Seller Financing
Yes

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