Amish Restaurant - Northeast Ohio $138,000 Cash Flow

OH

Amish Restaurant - Northeast Ohio $138,000 Cash Flow

Asking Price:$350,000

Cash Flow:$140,000

Gross Revenue:$823,000

EBITDA:N/A

FF&E:N/A

Inventory:$20,000*

Real Estate:$690,000*

Established:1976

*not included in asking price.

Amish Restaurant - Northeast Ohio $138,000 Cash Flow

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Business Description

The Amish restaurant enjoys a statewide reputation as a destination restaurant and as a local dining spot. This restaurant has an annual cash flow 0f $102,000 and has an excellent opportunity for continued growth and success. There is potential for growth with the increasing in popularity of the area. The restaurant enjoys a loyal customer base and has an excellent reputation for high-quality food and excellent service.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
20 ft; 15 pt
Facilities:
This 9,000 sq. ft. Amish restaurant has 650 seats that include multiple dining rooms and a party / banquet facility. The restaurant serves breakfast, lunch and dinner.There is ample parking.
Competition:
Established restaurant continues to prosper after 30 years in business.
Growth & Expansion:
With adjusted cash flow of $138,000 makes this a great return on investment for only $350,000. Priced under vale - CAP rate valuation values this business at $429,500. Opportunity to dramatically increase sales and profits by opening on Sunday (estimated 14% increase in sales) and the addition of ice cream shop in underutilized area would increase customer draw, as well as sales and profits. Potential to increase cash flow to $297,450 with Sunday hours, menu price increase and ice cream shop revenue. The current marketing program is minimal. An effective marketing program would increase customer counts and sales.
Support & Training:
Owner will train buyer (subject to additional fee).
Reason for Selling:
Owner retiring.

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Robert Welcher

Business Listed By:
Robert Welcher

RCI Business Brokers

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