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Upscale Fine Dining Restaurant
Listing ID: SA1763
Description
Set in a prime downtown location in Wilmington, North Carolina, one of the Southeast’s fastest-growing destination markets, this upscale restaurant has quickly established itself as the city’s go-to for special occasions, business dinners and visiting guests. A signature menu built on premium ingredients and house recipes is paired with polished, attentive fine-dining service. The business generates $4.2M in revenue and $1.0M in Adj. EBITDA, with clear runway in private dining, events and catering.
INVESTMENT HIGHLIGHTS:
- Absentee Ownership, Proven Team: Investor-owned and absentee-run. An experienced kitchen and front-of-house leadership team manages day-to-day operations and is expected to stay post-acquisition.
- Prime Location, Built-In Demand: Located in the heart of downtown Wilmington, drawing affluent locals, business diners and a share of the region’s more than 3 million annual visitors.
- Strong, Growing Financials: TTM revenue of $4.2M and Adj. EBITDA of $1.0M (24.2% margin), with gross margin improving to 65.2%.
- Elevated Fine-Dining Experience: Polished service standards, coursed dining and a professional wine program set it apart from regional competitors.
- Exceptional Guest Loyalty: Near-perfect online ratings across a high volume of reviews and strong repeat visitation, matching or exceeding the market’s top upscale competitors.
- Turnkey, Systemized Operations: Written SOPs cover every area of the operation, and a fully built training program, documented recipes and established vendor relationships let the business run consistently through staff changes, without relying on any single individual.
This upscale fine dining restaurant available for acquisition is represented by Sunbelt Atlanta Business Brokers. Sunbelt Atlanta Dealmakers have provided main-street and lower-middle market business owners with unsurpassed deal expertise since 1998. We sell most businesses that we take to market within 7 months of market launch, with no upfront fees.
Financial information
- $3,150,000 Asking Price
- $1,017,232 Cash Flow
- $4,192,832 Gross Revenue
- $520,018 FF & E
Reason for sale
Facilities
Detailed information
-
Home Based:
No -
Franchise:
No -
Distressed:
No -
Relocatable:
No -
Year Established:
2024 -
Willing To Train:
Seller is willing to train -
Real Estate Available:
No -
Is Property Leased:
Yes -
Real Estate Included:
No -
Is Management Staying:
Y -
Days Open:
7 days a week -
Hours Open:
Mon, Tues: 4pm-9:30pm Wed, Thurs: 12pm-9:30pm Fri, Sat: 12pm-10:30 Sun: 4pm-9pm -
Full Time Employees:
20 -
Part Time Employees:
50 -
Building Size:
11,000 sf -
Listing ID:
SA1763
Contact Us
Business location
Wilmington, NC
Atlanta’s #1 Business Broker
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