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Martha's Vineyard Fine Dining Restaurant
| Asking Price: | $445,000 | Inventory: | |
| Gross Revenue: | $620,000 | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | $150,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This beautiful fine dining restaurant is one of the most highly regarded and well known restaurants on all of Martha’s Vineyard. This unique restaurant has won numerous accolades from Zagat, Cape Cod Life, Boston Magazine, and more. Recognized as a top destination in Frommer’s and Fodor’s, this is an incredible opportunity to build your own reputation in a landmark establishment!
The restaurant capitalizes on its national reputation by attracting celebrity VIP’s, and also draws on a diverse tourist industry. Its reputation also allows the business to enjoy gross margins significantly above the industry norms. The restaurant has an extensive wine selection that also contributes considerably to the bottom line.
The owner continuously renovates the restaurant and showcases a top notch kitchen with modern equipment. The restaurant can accommodate over 100 dinner guests and offers outdoor seating during the summer. It also features a romantic bar were guests can enjoy a glass of wine, cordial or martini while waiting for their table.
The venue is perfect for small Bridal Showers, Baby Showers, Rehearsal Dinners and Weddings. This functional business offers significant growth opportunities.
This beautiful restaurant is conveniently located on a highly trafficked street, and is a short walk away from the Atlantic Ocean.
The restaurant capitalizes on its national reputation by attracting celebrity VIP’s, and also draws on a diverse tourist industry. Its reputation also allows the business to enjoy gross margins significantly above the industry norms. The restaurant has an extensive wine selection that also contributes considerably to the bottom line.
The owner continuously renovates the restaurant and showcases a top notch kitchen with modern equipment. The restaurant can accommodate over 100 dinner guests and offers outdoor seating during the summer. It also features a romantic bar were guests can enjoy a glass of wine, cordial or martini while waiting for their table.
The venue is perfect for small Bridal Showers, Baby Showers, Rehearsal Dinners and Weddings. This functional business offers significant growth opportunities.
This beautiful restaurant is conveniently located on a highly trafficked street, and is a short walk away from the Atlantic Ocean.
About the Business
Employees:10 full time -
Market Outlook and Competition:EXPAND THE SEASON
The restaurant currently opens only for the summer. A buyer can easily extend the season and remain open year round and take advantage of the weekend and holiday business.
CREATE A LUNCH MENU
The restaurant currently does not open for lunch and a buyer can significantly grow the business by creating a lunch menu. A buyer can also greatly expand the catering and functional side of the business as well.
About the Sale
Management Training and Support:The owner will offer sufficient support and training.
Reason For Selling:The owner wishes to relocate.
Seller Financing:The seller is willing to finance up to 20% of the sale.
KEYWORDS: restaurant, food, martha's vineyard, dining,
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State: Massachusetts
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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