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Upscale Casual Restaurant
Location: United States -> North Carolina
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Upscale Casual Restaurant in Historic Waterfront Venue

One of the finest restaurants and event venues in the area, situated in the heart of a historic downtown in Eastern, North Carolina. Featuring 1st floor and rooftop dining and event space with amazing waterfront views, the restaurant features additional outdoor seating and a coffee shop all located in a charming renovated four story building, in a regentrified downtown. The restaurant hosts many special events including weddings, receptions, exercise classes, showers, birthdays, and more.

Opportunities for expansion include:

-Streamlining and cost efficiency. An experienced restauranter, can likely improve the cost structure, optimize labor, and grow sales.
-Delivery Service: Plans to incorporate delivery service in the future.
-Catering: Untapped potential
-Coffee Shop Revitalization: Focus on revitalizing the coffee shop experience
-Additional Events: Potential for expanding events such as sunset yoga sessions, cigar nights, bourbon tasting, or wine and art sessions.
-Marketing: Opportunity for Google ads, and listings on travel sites


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $2,626,402
Cash Flow:   $235,097
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $20,000
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Lease

About The Sale

Management Training and Support:  # of Weeks Seller Will Offer Training: 2
Reason For Selling:  Focus on further town development




Print Listing Id: 700395848


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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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