Martha's Vineyard Fine Dining Restaurant For Sale
Location:
United States
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Massachusetts
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Dukes County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This beautiful fine dining restaurant for sale is one of the most highly regarded and well known restaurants on all of Martha's Vineyard. This unique restaurant has won numerous accolades from Zagat, Cape Cod Life, Boston Magazine, and more. Recognized as a top destination in Frommer's and Fodor's, this is an incredible opportunity to build your own reputation in a landmark establishment!
The restaurant capitalizes on its national reputation by attracting celebrity VIP's, and also draws on a diverse tourist industry. Its reputation also allows the business to enjoy gross margins significantly above the industry norms. The restaurant has an extensive wine selection that also contributes considerably to the bottom line.
The owner continuously renovates the restaurant and showcases a top notch kitchen with modern equipment. The restaurant can accommodate over 100 dinner guests and offers outdoor seating during the summer. It also features a romantic bar were guests can enjoy a glass of wine, cordial or martini while waiting for their table.
The venue is perfect for small Bridal Showers, Baby Showers, Rehearsal Dinners and Weddings. This functional business offers significant growth opportunities. This beautiful restaurant is conveniently located on a highly trafficked street, and is a short walk away from the Atlantic Ocean.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$620,000
Cash Flow:
$100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $150,000
Seller Financing: Yes
About The Business
Year Established: 1996
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Yes.
Reason For Selling: The owner wishes to relocate.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700116561
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