Popular Restaurant & Bar - Major North Central Ohio City

OH

Seller Financing Available
Popular Restaurant & Bar - Major North Central Ohio City

Asking Price:$475,000

Cash Flow:$156,000

Gross Revenue:$1,100,000

EBITDA:N/A

FF&E:N/A

Inventory:$5,000*

Real Estate:$800,000*

Established:2008

*not included in asking price.

Popular Restaurant & Bar - Major North Central Ohio City

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Business Description

RCI Business Brokers is representing the sale of a popular restaurant and bar in North Central Ohio. This is an excellent opportunity to purchase a established and profitable restaurant in a great location with room to grow the business, sales and cash flow.

This restaurant is located in a major North Central Ohio city on a main highway with great visibility and high traffic counts.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
7,400
Employees:
15 - 20
Facilities:
The free-standing building and has 7,400 square feet with a fully-equipped kitchen, large comfortable dining room with a full bar and a private party / banquet room. There is seating for 200 customers and a private parking lot. There is an area available for a patio.
Competition:
Excellent market in an area with other restaurants, big box stores, grocery stores and numerous retail businesses that create a lot of traffic from in and around the city and neighboring areas.
Growth & Expansion:
Sales are $1,100,000 with 14% cash flow of $156,000. This operation can be operated as is or easily be transformed into any restaurant / bar concept. The sale includes name, goodwill, FF&E and a D5 and D6 liquor license. Excellent Location – Located on Busy Highway Attractive Free-Standing Building Building: 7,400 Square Feet Private Parking Lot Full-Service Bar Fully-Equipped Kitchen Restaurant and Bar Seating – 200 Area Available for a Patio Liquor License – D5, D6 (Sunday Sales) Sales (2015): $1,100,000 Cash Flow: $156,000 (14%) Price: $475,000 (Goodwill, FF&E, Liq. License) Real Estate: $800,000 (Lease Available)
Financing:
Partial owner financing for qualified buyer.
Support & Training:
Owner will stay on with buyer for training and to assist with the transition of the ownership.
Reason for Selling:
Owner is retiring.

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Robert Welcher

Business Listed By:
Robert Welcher

RCI Business Brokers

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