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Classy Art-Deco Restaurant

Norfolk City County, VA

Seller Financing Available
Classy Art-Deco Restaurant

Asking Price:$350,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate:$5,000 /SF/Month

Established:2014

Classy Art-Deco Restaurant

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Business Description

Act Now Won't Last Long.

This restaurant is arguably the finest restaurant in Norfolk, conveniently located in the downtown theater district. Recently named by bestofvirginia.com the 3rd best bar in Virginia. Largest bar 20 seats, 76 dinner seats. Outside patio in good weather. Currently the only place in town featuring nightly entertainment 7 nights a week. Grossing 700,000. And profitable. Larger figures this year expected. No debt. Franchiseable. Owner has serious health issues. We aren't giving it away however no reasonable offer will be refused. Come take a look. Has to be the best deal in the country for a fine dinning restaurant.

Detailed Information

Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
N/A
Employees:
17
Facilities:
Everything new 3.5 years ago. Decorated in gold leaf and black. Won a design award. Art Deco seems as though you went back in time to the 20's.
Competition:
Niche market no real competition.w
Growth & Expansion:
Just opened our event division. Starting to deliver in January. Currently have two prospects who have approached us about a franchising.
Financing:
Willing to take 30% down with remaining balance with low interes
Support & Training:
Owner will be available for show and tell. Lives 3 minutes from the restaurant.Currently open evenings only so it's not as taxing. Could open for lunch and do at least $100.000. Extra.
Reason for Selling:
Owner has serious health issues.
Business Website:
http://gershwinsnorfolk.net

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Business Listed By:
Bernice Manning

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