Contemporary Dining Restaurant and Bar

Spotsylvania County, VA

Contemporary Dining Restaurant and Bar

Asking Price:$219,500

Cash Flow:$87,220

Gross Revenue:$1,040,050

EBITDA:N/A

FF&E:$73,205

Inventory:$30,000

Lease Rate:N/A /SF

Established:2005

Contemporary Dining Restaurant and Bar

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Business Description

Located in one of Virginia's most historic cities!

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!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
13 FT/5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
Growth & Expansion:
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.
Financing:
Lender pre-screened w/ $43,900 Down.
Support & Training:
Will train for 2 weeks @ no cost. Business license, full liquor license. Buyer should have experience and familiarity with the restaurant industry.
Reason for Selling:
Owners are pursuing a new opportunity.

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Michael Metzger, CBI

Business Listed By:
Michael Metzger

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


Sponsoring Broker:
Murphy Business

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