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Business for Sale Overview:

Gourmet Waterfront Village Restaurant. Location: Middle Peninsula, Virginia. An upscale restaurant and bar located a great historic waterfront town in Virginia. By far, its reputation, quality service and dazzling gourmet cuisine have enabled it to be eagerly sought after by a devoted customer base. Located in the heart of a historic waterfront district, the restaurant is within easy walking distance of all marinas. In addition, major metropolitan areas of Richmond, Hampton Roads and Washington DC are nearby. The restaurant has achieved growing revenues with very limited operating hours of only Thursday, Friday and Saturday evenings. The potential for growth is possible by extending business hours to additional evenings, lunch or breakfast. Also, the area is a growing vacation destination. Attractively furnished, it was started by the seller in 2003. The restaurant features a varied local seafood cuisine that combines Mexican and European tastes. It offers inside and outdoor dining with plenty of parking. On weekends and during festivals the business offers live musical entertainment. In addition, the business has a modern website to enable visitors to peruse its menus and provide reservation information. This turnkey business would be a great acquisition for someone who dreams of living in paradise and enjoying the relaxed atmosphere of a waterfront town. The seller is willing to provide a month of training if needed. Reason for sale is retirement. Purchase Price: $149,995; Gross Revenues: $389,919; Cash Flow: $ 56,354; Cash Flow Type: SDCF; Inventory: $6,000.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This may become a homebased business opportunity.
• This may become a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.