Restaurant & Live Music Venue

Listing ID: 700185983

Listing Title: Restaurant & Live Music Venue

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Virginia



Asking Price Range: $250K - $500K

Gross Revenues: $1,200,000

Cash Flow: $130,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2009

Number of Employees: 1 - 3

Business Description:
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.

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