Waterfront Restaurant, Marina, and Cruise Boat Business for Sale with Real Estate in Moneta, VA
Virginia Dare Cruises and Marina
Financial Details
- Asking Price:
- $1,995,000
- Annual Revenue:
- $1,323,930
- Cash Flow / SDE:
- $271,258
- Profit Metric:
- Cash Flow (SDE)
- Valuation Multiple:
- 7.4x
- Location:
- Moneta, VA, US
- Source:
- Date:
- November 08, 2025
Key Highlights
Description
This listing offers a rare, turnkey hospitality enterprise centered around the highly recognizable Virginia Dare Cruises and Marina on Smith Mountain Lake, VA. The business integrates three primary revenue centers: a working marina (fuel, slips), shore-side dining venues (Portside Grill & Bar, Beacon Pub), and the iconic Virginia Dare cruise boat hosting narrated sightseeing and themed dining cruises. The operation is established, profitable (SDE $271k), and sits on owned real estate encompassing 1 acre and 600+ feet of shoreline. Significant upside exists by expanding operating hours, adding boat rentals, or developing retail/lounge space. This is a chance to acquire a multi-faceted, established destination business.
Industry Information
- Industry Description:
- Restaurants & Marina
- Classification:
- Restaurants & Food
Operational Snapshot
- Year Established:
- 1975
- Reason for Selling:
- Personal
Real Estate & Lease
- Status:
- Owned
Assets & Inventory
- Includes FF&E:
- Yes
- Includes Inventory:
- Yes
Broker Contact
- Name:
- Don Williams
- Phone:
- 540-583-4696
Listing Details
- Listing ID:
- 362f83f0-e701-411e-a3ed-3f4da0406ee6
- Source Listing ID:
- 2438323
- Deal Status:
- For Sale
- Last Updated:
- November 08, 2025
- Currency:
- USD