Restaurant--Location, Location, Location

Cuyahoga County, OH

Restaurant--Location, Location, Location

Asking Price:$399,000

Cash Flow:N/A

Gross Revenue:$1,600,000

EBITDA:N/A

FF&E:$100,000

Inventory:$8,000

Rate/Sq. Ft.:$36.00

Established:1976

Restaurant--Location, Location, Location

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Business Description

Arguably, one of the best areas for a restaurant. On a street known for restaurants. A popular bistro in an affluent eastern suburb. Average household income in a 1 mile, 3 mile and 5 mile radius is $123,000, $136,000 and $131,000 respectively. In business over 40 years. Seats 84 inside, including the bar, plus an outdoor patio with its own bar. Serves classic American dishes. D5, D6 liquor licenses. Multiple beers on tap. Open for lunch and dinner. Catering.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,000 Sq Ft restaurant/bar in an upscale eastern suburb. This restaurant is on the first floor with an outside patio and bar. The second floor area above the restaurant may be leased and retrofitted into meeting/party rooms. Abundant parking.
Competition:
Great area for a restaurant. Great demographics--high discretionary income. There are many restaurants and many, many, many customers.
Support & Training:
Up to 2 weeks training if needed.
Reason for Selling:
Retirement

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Henry Schneps, CEPA

Business Listed By:
Henry Schneps, CEPA

Better Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the Ohio Business Brokers Association (OBBA).

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