NoVa's Legendary Restaurant & Music Destination
Not Disclosed, VA Alexandria City County
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- RE: NoVa's Legendary Restaurant & Music Destination
- Contact: Mark Irion
Quick Facts
| Asking Price: | $1,500,000 | |
| Annual Revenue: | $2,640,413 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $560,048 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $60,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 982723 | |
| Broker Reference #: | 9525-975034 |
Business Overview:
Located just inside the Beltway in Northern Virginia, this Middle Eastern restaurant and nightlife destination is a culinary and cultural gem offering an authentic journey into the heart of Lebanon. Born from the vision of creating a vibrant gathering place for the community, it has become a beloved hub where connections flourish, and weekends come alive. With a dynamic blend of guest DJs, live singers, and dancers, the venue infuses the air with fun and energy, making every visit unforgettable.
Dedicated to authenticity, the menu showcases the rich and diverse flavors of Lebanon, delivering a 100% Lebanese culinary experience. The beautifully designed and impeccably maintained dining space offers a welcoming ambiance, perfect for both intimate meals and lively celebrations.
The Cost of Goods Sold is impressively maintained in the low 20% range. This thriving business is ready to provide consistent revenue for a new owner. With over $2.5 million in annual sales and more than $500,000 in seller’s discretionary earnings, continuing exceptional financial performance with a loyal and vibrant community of patrons is within your grasp. Sales price is based off of 2023 performance, but projections for 2024 look to outperform last year.
For those seeking more than just a restaurant, this is an opportunity to own a cultural haven where the community comes together for events and evenings that create loyal repeat customers. This establishment is more than a business—it’s a chance to carry forward a legacy of flavor, music, and connection in the heart of the Greater Washington, DC area.
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Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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