CONFIDENTIAL RESTAURANT & BAR FOR SALE — NEWPORT NEWS, VIRGINIA Overview An established restaurant and bar, operating since 2019, is available for acquisition in downtown Newport News, Virginia. The business is fully operational with a kitchen, bar, and dining space already in place, allowing a new owner to step into a running operation rather than building a restaurant from the ground up. The owner is selling due to relocation.
Business Highlights - Approximately $420,000 in seller-reported 2025 gross sales - Approximately $325,000 in seller-reported 2024 gross sales - Base rent of approximately $2,400 per month (premises leased) - Lunch and dinner service - Multiple revenue channels: dine-in, takeout, online ordering, catering, and private events - Existing operating systems and digital ordering presence - Opportunities to expand catering, events, and beverage sales Downtown Investment and Growth Potential Newport News is advancing significant downtown development, offering an opportunity for a buyer to establish ownership during the area's continued revitalization. The announced HomePort Hampton Roads 2 project includes more than $450 million in investment, with plans for two 17-story residential towers containing approximately 750 two-bedroom units for sailors, a 1,050-space parking garage, and ground-floor commercial space. Broader downtown plans include waterfront enhancements, improved pedestrian and bicycle connections, reuse of historic buildings, and additional housing and commercial activity.
These investments could expand the surrounding customer base and support future demand for dining, takeout, catering, and events. Project timing and future business benefits are not guaranteed. Sale Details - Business acquisition only; real estate is not included - Included assets and transition assistance to be negotiated - Lease assignment or a new lease is subject to landlord approval - Financial figures are seller-reported and subject to buyer verification Confidential Inquiries Only The restaurant remains operational.
The business name, exact address, photographs, and detailed financial records will be disclosed to qualified buyers following a signed nondisclosure agreement and verification of purchasing ability. Please respond through this listing with your contact information, relevant experience, and anticipated purchase timeline.