Upscale Casual Restaurant in Historic Waterfront Venue

Listing Number: 13485-192250

Description

One of the finest restaurants and event venues in the area, situated in the heart of a historic downtown in Eastern, North Carolina. Featuring 1st floor and rooftop dining and event space with amazing waterfront views, the restaurant features additional outdoor seating and a coffee shop all located in a charming renovated four story building, in a regentrified downtown. The restaurant hosts many special events including weddings, receptions, exercise classes, showers, birthdays, and more.

Opportunities for expansion include:

•Additional Events: In Q3 2024, a full time event planner was added. Events already booked for 2025 are tracking to double event income this year to $200k.
Streamlining and cost efficiency. An experienced restauranter, can likely improve the cost structure, optimize labor, and grow sales.
•Delivery Service: Plans to incorporate delivery service in the future.
•Catering: Untapped potential
•Coffee Shop Revitalization: Focus on revitalizing the coffee shop experience

•Marketing: Opportunity for Google ads, and listings on travel sites

Listing Details

• Price: $550,000
• Down Payment: $110,000
• Sellers Discretionary Earnings: $227,318
• Total Sales: $2,501,607
• Location: North Carolina


• Inventory: $25,000
• FF&E: $0
• Employees: 15
• Year Established: 2021
• Reason for Selling: Focus on further town development
• Category: Restaurants