Decade-Old Upscale Restaurant, Premium Menu. (Location: Prime Location, City, State)

Featured on BusinessForSale.com . 49 viewed

Asking Price

$1,280,000

FOR SALE - ACTIVE

Detailed Information

Location

Hampton Roads, Virginia, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

This established upscale restaurant has been serving high-quality steak, fish, pasta, wines, and cocktails for over a decade. Boasting a unique niche and a prime location with an outdoor patio, it offers a top-notch dining experience. Despite being open for only 5 hours daily, the restaurant continues to generate a solid profit under the management of a competent staff while the current owner remains absentee. Opportunities for further growth abound due to the underutilized operating hours. With a decade-long presence in the industry, this upscale restaurant is renowned for its delectable menu featuring premium steaks, seafood, pasta dishes, as well as an impressive selection of wines and cocktails. Its prime location and inviting outdoor patio further contribute to its appeal. Managed efficiently by a dedicated staff in the owner's absence, the restaurant's profitability remains robust even with limited operating hours, leaving ample room for expansion and increased revenue potential. This upscale restaurant, which has been in operation for over 10 years, offers a sophisticated dining experience

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