Upscale Casual Restaurant In Historic Venue
Not Disclosed, NC Not Disclosed
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- RE: Upscale Casual Restaurant In Historic Venue
- Contact: Kimberly Ramsey
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $2,501,607 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $312,736 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2021 | |
| Employees: | 15 | |
| BBN Listing #: | 950259 | |
| Broker Reference #: | 13485-192250 |
Business Overview:
One of the finest restaurants and event venues in the area, situated in the heart of a historic downtown in Eastern, North Carolina. Featuring 1st floor and rooftop dining and event space with amazing waterfront views, the restaurant features additional outdoor seating and a coffee shop all located in a charming renovated four story building, in a regentrified downtown. The restaurant hosts many special events including weddings, receptions, exercise classes, showers, birthdays, and more.
Opportunities for expansion include:
•Streamlining and cost efficiency. An experienced restauranter, can likely improve the cost structure, optimize labor, and grow sales.
•Delivery Service: Plans to incorporate delivery service in the future.
•Catering: Untapped potential
•Coffee Shop Revitalization: Focus on revitalizing the coffee shop experience
•Additional Events: Potential for expanding events such as sunset yoga sessions, cigar nights, bourbon tasting, or wine and art sessions.
•Marketing: Opportunity for Google ads, and listings on travel sites
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Property Features and Assets:
Building Type: The business is housed in a 4 story historic building renovated to protect its historic character. The main restaurant is located on the first floor, with some covered outdoor seating, in addition there is a beautiful rooftop lounge with full bar, and water view.
Suitability of Current Location: The current location is highly suitable, lending a unique charm and character to the venue. It is located in a beautiful historic downtown area which is currently undergoing major renovation.
Monthly Rent/Lease: $12,000
Leasable Square Feet: 5,817
Market Competition and Expansion:
Market & Competition: There are other downtown restaurants, but most either casual, light fare, or formal dining. This business is positioned as an upscale but casual dining experience in a trendy location, serving refined international dishes to wings and burgers.
Opportunities for expansion include:
•Streamlining and cost efficiency. An experienced restauranter, can likely improve the cost structure, optimize labor, and grow sales.
•Delivery Service: Plans to incorporate delivery service in the future.
•Catering: Untapped potential
•Coffee Shop Revitalization: Focus on revitalizing the coffee shop experience
•Additional Events: Potential for expanding events such as sunset yoga sessions, cigar nights, bourbon tasting, or wine and art sessions.
•Local Market: Offers local crafts and art from regional artists.
Reason for Selling:
Focus on further town developmentAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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