MergerPlace

Contemporary Dining Restaurant and Bar

Virginia (Spotsylvania)


  • Asking Price: $219,500
  • Gross Income: $1,040,050
  • Cash Flow: $87,220
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $73,205
  • Listing ID: #202098
  • Established: 2005
  • Employees: 13 FT/5 PT

Business Description

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!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia
County: Spotsylvania

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13 FT/5 PT

Financial Information

Asking Price: $219,500
Gross Revenue: $1,040,050
Cash Flow: $87,220
FF&E: $73,205
Inventory: $30,000
Seller Financing Available: No

Property Information

Facilities:

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.

Growth & expansion opportunities:

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.

Competition:

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.

Reason for selling:

Owners are pursuing a new opportunity.

Support & Training:

Will train for 2 weeks @ no cost. Business license, full liquor license. Buyer should have experience and familiarity with the restaurant industry.

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers