Set on the sparkling waters of Smith Mountain Lake, Virginia Dare Cruises and Marina in Moneta, VA offers a rare opportunity for a restaurateur or hospitality operator to own one of the lake’s most recognizable destinations. The property combines a working marina, popular restaurant and bar operations, and the iconic Virginia Dare cruise boat - a 63-foot replica sidewheeler that has been delighting guests with lunch, dinner and sightseeing cruises for more than three decades.

From early spring through late fall, the Virginia Dare hosts narrated two-hour sightseeing, lunch, dinner and themed cruises, showcasing private islands, lakefront communities and key Smith Mountain Lake landmarks while guests enjoy freshly prepared meals and full bar service on board. Enclosed decks with panoramic windows, plus open-air viewing areas, create a flexible venue for wedding parties, corporate outings, holiday events and private charters, making the boat a proven revenue center as well as a powerful marketing billboard that literally cruises the lake!

Dockside, the Portside Grill & Bar and the Beacon Pub extend the food-and-beverage experience onto the shoreline with casual lakeside dining, “cheeseburger in paradise” style menus, and a reputation for great wings, sandwiches and cold drinks with some of the best over-the-water views on Smith Mountain Lake. Their relaxed vibe, live-aboard boating clientele and steady seasonal traffic from locals and vacationers creates an attractive platform for an operator who wants to expand menus, enhance bar programming, or grow catering tied directly to the cruise schedule. You can add boat or jet ski rentals, a retail shop, or finish the upper level of the pub with a Bourbon Lounge and further grow the revenue stream. At approximately 1 acre and with over 600 feet of shoreline, the property also hosts a small owner’s apartment and office area.

As a full-service marina, the property offers pay-at-the-pump mid-grade, ethanol-free fuel, pump-out facilities, slip rentals and abundant lakeside parking - features that help capture both transient boaters and repeat dockage customers. Located on the Bedford County side of Smith Mountain Lake, the marina sits within one of Virginia’s most popular recreation markets, drawing visitors from Roanoke, Lynchburg and across the Mid-Atlantic who come for fishing, boating, second homes and lakefront vacations.

For a restaurant owner or hospitality group, Virginia Dare Cruises and Marina presents a turnkey, multi-channel operation: on-water dining cruises, shore-side restaurant and bar venues, an event and wedding business, and marina services all anchored by the unmatched backdrop of Smith Mountain Lake. This is a chance to step into an established brand and elevate it with your own personal vision. Offered at $3,500,000.

Visit www.vadaresml.com for more information and to view a video of the property.