Contemporary Dining Restaurant and Bar

Spotsylvania County, VA
Spotsylvania County

Asking Price: Annual Revenue:
$199,000 $1,009,849

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Contemporary Dining Restaurant and Bar Broker: Michael Metzger
Owner Financing is Available!
Lender pre-screened with $159,200

Quick Facts

Asking Price: $199,000
Annual Revenue: $1,009,849
Net Profit: Not Disclosed
Cash Flow: $83,386
Total Debt: Not Disclosed
FF&E: $73,205
Real Estate: Not Disclosed
Year Established: 2005
Employees: 18
BBN Listing #: 77104955
Broker Reference #: 2006-13418

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Business Overview:

This exceptional contemporary restaurant and wine bar is located in a prime location in a booming historic district. Since 2005, this upscale casual environment has appealed to discerning diners in a rapidly growing market. The one working owner works part time and relies on the general manager to run the day-to-day operations of the well tenured staff. Open for dinner only, this restaurant has developed a reputation for exceptional service and local fare paired with a remarkable wine list. This is a true turn-key operation with huge opportunity to exploit its prime location!

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Property Features and Assets:

Located in a historic building, the property has been fully restored while maintaining its character and charm. The corner location allows for ample sidewalk seating, while the multi-level indoor space can be configured for many uses, including private parties and corporate functions. The stylish bar welcomes diners to enjoy a drink before dinner or an aperitif after their meal. Assets = $168,516

Market Competition and Expansion:

There is no shortage of dining options in this busy area, but few that offer a comparable menu of wine and food options. New restaurants are popping up in the area, but this is expected to further enhance the area's reputation as a dining and night life destination. Organic growth is expected to continue as the area becomes even more popular. Additional growth may be achieved through enhanced advertising, opening for lunch/brunch and increasing focus on corporate clients and private parties.

Reason for Selling:

Owners are pursuing a new opportunity.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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