Long time Restaurant and Bar-28271

Cuyahoga County, OH

Seller Financing Available
Long time Restaurant and Bar-28271

Asking Price:$155,000

Cash Flow:$55,000

Gross Revenue:$130,000

EBITDA:N/A

FF&E:$100,000

Inventory:$10,000*

Established:N/A

*not included in asking price.

Long time Restaurant and Bar-28271

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Business Description

Nice family restaurant with a nice spacious bar looking for a new owner. The current long time owner is looking to retire. The restaurant features a typical American menu with repeat clientele that sits in a nice strip mall with lots of commercial and residential clientele on a main street. Seating capacity is over 170, the bar can fit 40 between the bar stools and the tables and the rest in two very nice dining rooms. Restaurant comes with D6 liquor license. The restaurant bar could easily increase business in a short time with a younger energetic owner who can bring in fresh ideas. The area can easily support more business for this establishment but it just isn't being tapped into. The current owner admittedly is just running day to day operations and not doing anything over and above that. Restaurant also does modest residential catering and could increase with the commercial business in the area. The next owner could also change the brand of the business to a sports bar, night club, go to a restaurant with no bar or whatever vision the next owner has for this prime location. The next owner could also try breakfast because of the area and the business sits on a main street and can support it. The restaurant could use some updating but overall looks pretty good. Current owner willing to work with the new owner for a month to ease the transition with the clientele and the employees. The lease has fours years left on it. You cant beat this opportunity considering the inventory is included in the purchase price and a low down payment. So take a closer look and feel free to make an offer, the owner is anxious to sell. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business

Detailed Information

Inventory:
Not included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
46,500.00 Down & 36 months @ 7%
Support & Training:
The seller will train the new owner,
Reason for Selling:
Seller is retiring
Business Website:
http://www.vestedbb.com

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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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