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Businesses For Sale   >>   Virginia Businesses For Sale Categories   >>   

Restaurant & Live Music Venue

Location  Virginia,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1200000
Net Profit / Cash Flow  $130000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2009
Number of Employees  1 - 3
Inventory  177000
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Owner lives out-of-state.
Description  This is really two businesses in one! First of all it is a very popular full service restaurant which features a seasonal menu serving a variety of regional and locally sourced meats, poultry, fish and vegetables. Secondly, it is an entertainment venue offering live local music and entertainment five days per week in a theater venue that also serves food and beverages before and during the performances. Additionally, the entertainment venue is available for group events. Located in expanding redevelopment area in the downtown business district of a charming small city. The local patrons of this town enjoy many entertainment options and are very active. This restaurant has become an instant hit! Seller has restored an existing office/retail building in the historic district of a small city. The restaurant is an upscale, 100 seat fine dining facility with a 200 seat music venue. The music venue is acoustically isolated from the restaurant. The kitchen is spacious and fully equipped to handle a significantly large food volume. The trained staff is highly motivated to maintain quality and efficiency. Asking price is $350,000. Seller will offer some financing with a significant down payment.
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