Restaurant, Bar, And Nightclub
Location Virginia,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $681427
Net Profit / Cash Flow $430097
Cash Flow Type EBITDA
Seller Finance No
Year Established 1998
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training The current Staff is willing to remain as long as
Reason for Sale The Owner wishes to pursue retirement.
Description This Owner operated business was established in 1998, and present ownership began in 2002. This is a restaurant, bar and nightclub business. They have full restaurant menu selections with lunch and dinner. At 10 pm until 2 am, the facility is turned into a nightclub. The restaurant and club are completely to separate rooms that accommodate both purposes well. The total capacity is approximately 700 with a VIP room in the nightclub section. Their excellent location near a local university enables a large and repetitive customer base. This is a well-established company, operating 7 years, with extensive name recognition and a great reputation. They are well known in the local and surrounding communities and have patient base of 75% repeat customers.
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