Upscale Casual Restaurant and Event Venue in Historic Downtown North Carolina
Financial Details
- Asking Price:
- $550,000
- Annual Revenue:
- $2,501,607
- Cash Flow / SDE:
- $312,736
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 1.8x
- Location:
- NC, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This is an upscale casual restaurant and event venue located in a historic downtown area of Eastern, North Carolina, boasting waterfront views from its first-floor and rooftop dining spaces. The business operates within a charming, renovated four-story building and hosts a variety of special events. Significant opportunities for growth exist through streamlining operations, implementing delivery services, expanding catering, revitalizing the coffee shop, developing new event concepts, and leveraging digital marketing. The location is described as highly suitable, offering unique charm in a developing downtown area. The business is positioned as an upscale yet casual dining experience, serving a diverse menu.
Industry Information
- Industry Description:
- Upscale Casual Restaurant and Event Venue
- Classification:
- Restaurants & Food
Real Estate & Lease
- Status:
- Leased
- Monthly Rent:
- $12,000 USD
Listing Details
- Listing ID:
- 1fe585a8-9622-45e3-8910-3232390968f3
- Deal Status:
- For Sale
- Date Posted:
- July 16, 2024
- Last Updated:
- September 15, 2025
- Currency:
- USD