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Savvy Restaurant And Entertainment Venue
Location Virginia,United States
Asking Price Range < $250K
Gross Revenues $790000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1993
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Description Savvy Restaurant and Entertainment Venue. This Restaurant and Entertainment facility is all about the younger crowd featuring nightly local talent inside a 6000 square foot facility. In 2010 the owners made a bold decision to take a well-established location to the next level with an entertainment offering second to none. Seven nights a week the facility offers some form of local quality talent. That coupled with a well adorned menu and multiple bar locations in the same facility, the business is growing monthly. The establishment is resonating with a returning customer base in the surrounding area, becoming the hot spot for locals to gather to enjoy a good meal, great friends, and tantalizing entertainment. The change in the business model has paid off doubling 2010 revenue to just under $800,000 in gross revenue in 2012. The lease is reasonable at $6,200 per month. The business is clearly in the growth mode. However, the owners find themselves in a position where a career change coupled with an upcoming relocation is altering their current business plans. They are motivated in this sale opportunity and are offering a unique approach to convey the business assets. Without a specific asking price for the business the owners are open to all offers. For more information call Frank Chebalo, Advanced Business Brokerage, at 757-478-8346, or email.
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