Coastal Fine Dining Restaurant & Event Venue

Asking Price:

$875,000

Financial Overview

Revenue:
$1,588,882
Income:
$506,270
Multiple:
1.73x

Business Description

This well-established and successful year-round thriving coastal restaurant & wedding venue offers indoor/outdoor fine dining in a beautiful and fully-renovated historic building, minutes from the beach in a bustling resort town experiencing huge economic growth.

The facility is extraordinary and is booked solid into the future with highly profitable weddings and events in addition to the restaurant, bar, and wine revenue streams. The location offers a large banquet facility with seating for 250+, newer equipment, and a state of the art POS system.

This is an unparalleled opportunity for a restaurateur to focus on what they do best, with the aid of a highly-trained staff and a 25-year history of excellence to offer the community in a picturesque setting. A buyer would be stepping directly into the high-paced action that includes an award-winning culinary team and a location that has been featured on A&E The Travel Channel and is rated five stars across all review sites (i.e. TripAdvisor, Yelp, Google, OpenTable, WeddingWire, The Knot, Wine Spectator).

The business is a turn-key operation with multiple revenue streams and a strong community presence with a ton of community fervor and support from other establishments in the area. The geographic area is fast becoming a large medical and pharmaceutical company hotspot, which is leading to increased corporate functions and events.

This deal has been pre-approved for an SBA loan for qualified buyers.

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