Locals Bar and Taco Joint

Virginia (Virginia Beach City)

  • Asking Price: $79,500
  • Gross Income: $429,531
  • Cash Flow: $95,045
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $60,000
  • Listing ID: #199266
  • Established: 2016
  • Employees: 1 FT/10 PT

Business Description

Locals Bar and Taco Joint. Located at a prime dining area with a bustling night life, this restaurant has established itself as a great place for dinner or an exciting way to spend the evening. Built on the belief that well executed simplicity leads to quality product and sustainable growth, this restaurant has endeared itself to local residents with award winning food and craft cocktails. An emerging player on the Virginia Beach scene, this restaurant offers a brand ripe for expansion. The facility seats 99 in 3500 square feet with a reasonable lease at $3,100 per month. The reported revenue and cash flow are based on the first six months of this year and are projected conservatively. The owners will insure a smooth and comfortable transition, and for the right buyer candidate may offer some level of financing.

Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/10 PT

Financial Information

Asking Price: $79,500
Gross Revenue: $429,531
Cash Flow: $95,045
FF&E: $60,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Frank Chebalo

Murphy Business Brokers