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Nova's Legendary Restaurant & Music Destination
Location: United States -> Virginia
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

SBA Lender Pre-Approved! This Restaurant cash flows at more than 2.6 X debt service based on the lender preapproval, meaning you can make extraordinary profits after debt service even if you borrow 90% of the purchase price. This is unheard of in the restaurant biz!

Located just inside the Beltway in Northern Virginia, this Middle Eastern restaurant and nightlife destination is a culinary and cultural gem offering an authentic journey into the heart of Lebanon. Born from the vision of creating a vibrant gathering place for the community, it has become a beloved hub where connections flourish, and weekends come alive. With a dynamic blend of guest DJs, live singers, and dancers, the venue infuses the air with fun and energy, making every visit unforgettable.

Dedicated to authenticity, the menu showcases the rich and diverse flavors of Lebanon, delivering a 100% Lebanese culinary experience. The beautifully designed and impeccably maintained dining space offers a welcoming ambiance, perfect for both intimate meals and lively celebrations.

The Cost of Goods Sold is impressively maintained in the low 20% range. This thriving business is ready to provide consistent revenue for a new owner. With over $2.5 million in annual sales and more than $500,000 in seller-s discretionary earnings, continuing exceptional financial performance with a loyal and vibrant community of patrons is within your grasp. Sales price is based off of 2023 performance, but projections for 2024 look to outperform last year.

For those seeking more than just a restaurant, this is an opportunity to own a cultural haven where the community comes together for events and evenings that create loyal repeat customers. This establishment is more than a business-it-s a chance to carry forward a legacy of flavor, music, and connection in the heart of the Greater Washington, DC area.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,640,413
Cash Flow:   $560,048
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $65,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Number of Weeks Seller Will Offer Training: 2
Reason For Selling:  Retirement




Print Listing Id: 700399004
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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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