Upscale Casual Restaurant and Event Venue in Historic Downtown North Carolina

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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

Prime location in a historic, regentrified downtown with waterfront views and rooftop dining.
Established upscale casual restaurant and event venue with multiple revenue streams.
Significant expansion opportunities in delivery, catering, coffee shop revitalization, and additional events.

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

Features & Tags

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