Filament Business Advisors is excited to list this downtown institution for sale. As any industry veteran will tell you, the three most important things about a restaurant are Location, Location, Location. Check. Check. Check. Beyond that, it helps to target multiple target markets at different times of day. If you’re paying rent all day, it makes sense to offer lunch to office workers and shoppers, dinner to diners, a bar for the thirsty, eat-ertainment and live music to experience-seekers and private dining to groups.

This decades-old destination has it all, along with a cooperative landlord, over 6000 square feet, an efficient kitchen, plenty of basement storage and a multigenerational customer base. Multiple bars and an experienced staff make it possible to serve hundreds of people at a time. As a longstanding venue for live music, DJs, karaoke, pool and other activities, this restaurant does multiple streams of business from lunch through 2am. The private dining room offers full AV and myriad dining options to corporate groups, private parties and political gatherings.

On any given night, you’ll find UVa students and faculty, locals and tourists, singles and families out to partake in the casual Southern fare, craft brews, local wines and artisan beverages of a Charlottesville original. Outdoor dining further expands not only the seating, but also the ways to enjoy this downtown mainstay for most of the year.

A new owner would start on third base. One could expand days of operation, add jazz to brunch on Saturday and Sunday, hire a private dining coordinator to drive the most profitable part of the business, evolve the menu and entertainment calendar, remodel and/or rebrand (or not!). A good buyer may have a smaller restaurant and has realized that good food at dinner only is no longer enough. Someone locked into the live entertainment world could bring in the kind of talent that people are happy to pay for while eating and drinking. A catering company, boutique hotel or destination management company could find strategic synergies. A “type A” corporate america refugee might enjoy leading a three ring circus by throwing a party every day rather than filing out TPS reports. A marketing guru might look at a multipronged approach to grow all areas of the business.

The owners are looking to retire and for a new steward to take their baby to the next level. They’ve built a fully integrated business with plenty of room to grow and for the next owner to supercharge.