Historic Restaurant
Location:
United States
->
Virginia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Historic restaurant for sale. Built in 1838 with several additions and a huge tiki bar. Lounge outside on the patio. If you added catering services it would bring in more revenue. Very popluar restaurant for years. Does a lot of weddings / banquets. Total seating for 320 people. Ballroom seats 80+ dinning room seats 70+ tiki bar seats 80+ main bar sits 20+. Outdoor garden is the favorite dinning area. New marketing can triple cash flow. Needs a new chef with management skills. Located near a large residential community and businesses. Contact for more information on this Historic Restaurant for sale.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$600,000
Cash Flow:
$60,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2000
Number of Employees: 6 - 9
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Reason For Selling: Has another business.
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: 70070423
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