Upscale Casual Restaurant in Historic Waterfront Venue
Business Description
The restaurant hosts many special events including weddings & receptions
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:
•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
•Additional Events: Potential for expanding events such as sunset yoga sessions, cigar nights, bourbon tasting, or wine and art sessions.
•Marketing: Opportunity for Google ads, and listings on travel sites
Opportunities for expansion include:
•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
•Additional Events: Potential for expanding events such as sunset yoga sessions, cigar nights, bourbon tasting, or wine and art sessions.
•Marketing: Opportunity for Google ads, and listings on travel sites
About the Business
- Years in Operation
- 4
- Employees
- 15
- Facilities & Assets
- Building Type: The business is housed in a 4 story historic building renovated to protect its historic character. The main restaurant is located on the first floor, with some covered outdoor seating, in addition there is a beautiful rooftop lounge with full bar, and water view.
Suitability of Current Location: The current location is highly suitable, lending a unique charm and character to the venue. It is located in a beautiful historic downtown area which is currently undergoing major renovation.
Monthly Rent/Lease: $12,000
Leasable Square Feet:5817 - Market Outlook / Competition
- There are other downtown restaurants, but most either casual, light fare, or formal dining. This business is positioned as an upscale but casual dining experience in a trendy location, serving refined international dishes to wings and burgers.
- Opportunities for Growth
- Opportunities for expansion include:
•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
•Additional Events: Potential for expanding events such as sunset yoga sessions, cigar nights, bourbon tasting, or wine and art sessions.
•Local Market: Offers local crafts and art from regional artists.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,817
- Rent
- $12,000.00 per month
- Lease Expiration
- 12/31/2025
About the Sale
- Seller Motivation
- Focus on further town development
- Transition Support
- # of Weeks Seller Will Offer Training: 2
- Financing Options
- Owner Terms:$55,000.00 Interest:8.5% Term Months:60 Monthly Payment:$1,128.41
Listing Info
- ID
- 2261765
- Listing Views
- 2059
Listing ID: 2261765 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. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNorth Carolina Businesses for SaleNorth Carolina Food & Beverage Businesses for SaleNorth Carolina Other Food & Beverage Businesses for Sale
