Martha's Vineyard Upscale Restaurant

Edgartown, MA
Dukes County

Fine Dining In Upscale Hotel!


Asking Price: Annual Revenue:
$384,000 $1,060,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Martha's Vineyard Upscale Restaurant Broker: John Nessel
Owner Financing is Available!
Negotiable per party

Quick Facts

Asking Price: $384,000
Annual Revenue: $1,060,000
Net Profit: Not Disclosed
Cash Flow: $130,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: Not Disclosed
BBN Listing #: 443256983
Broker Reference #: CHE - edg

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Business Overview:

Once in a lifetime opportunity to acquire a successful “turn-key” fine dining restaurant on the island of Martha’s Vineyard. Under the same ownership for 28 years this highly acclaimed 107 seat restaurant and bar has been a local favorite in downtown Edgartown since 1994. With 4.5 of 5 stars rating this gem of a restaurant has earned Trip Advisors Certificate of Excellence every year since 2015. Features coastal New England seafood with Mediterranean influences. Customers enjoy drinks on the front porch of the Vineyard Square Hotel located adjacent to the restaurant. Dinner only, served from May to mid-October. Perfect opportunity for chef owner to enjoy the benefits of the Martha’s Vineyard lifestyle coupled with a short business season.

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Property Features and Assets:

Tremendous asset list. Open kitchen located in the Vineyards most sought after village for foodies. Work half the year and make a tremendous living.

Market Competition and Expansion:

Expand to lunch, Sunday brunch, outdoor seating. Increase marketing and social media.

Reason for Selling:

Retirement

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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