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Restaurant & Live Music Venue
Location: United States -> Virginia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This is really two businesses in one! First of all it is a very popular full service restaurant which features a seasonal menu serving a variety of regional and locally sourced meats, poultry, fish and vegetables. Secondly, it is an entertainment venue offering live local music and entertainment five days per week in a theater venue that also serves food and beverages before and during the performances. Additionally, the entertainment venue is available for group events. Located in expanding redevelopment area in the downtown business district of a charming small city. The local patrons of this town enjoy many entertainment options and are very active. This restaurant has become an instant hit! Seller has restored an existing office/retail building in the historic district of a small city. The restaurant is an upscale, 100 seat fine dining facility with a 200 seat music venue. The music venue is acoustically isolated from the restaurant. The kitchen is spacious and fully equipped to handle a significantly large food volume. The trained staff is highly motivated to maintain quality and efficiency. Asking price is $350,000. Seller will offer some financing with a significant down payment.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,200,000
Cash Flow:   $130,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $177,000
Seller Financing:  Yes

About The Business

Year Established:  2009
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Owner lives out-of-state.




Print Listing Id: 700185983
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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 > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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