Downtown Columbus Restaurant / Bar For Sale

Columbus, OH (Franklin County)

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Asking Price: $160,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $110,000

Inventory: N/A

Rent: $4,600 /Month

Established: 2014

Downtown Columbus Restaurant / Bar For Sale

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Business Description

Incredible location 1 block from Capital Square; walking distance to Short North

OLIVER’S burgers*steaks*bourbon
LOCATED ONE BLOCK NORTH OF CAPITAL SQUARE
FINANCIAL INFORMATION AVAILABLE AFTER CA SIGNED
• All FF&E and inventory included in price as well as the Business name and all related marketing.
•New Owner can continue to run business as is or open as a new concept..
•New Owner can assume existing lease or negotiate new lease with landlord.
• Located in Pearl Alley in between High St & 3rd and Broad & Gay Streets.
• Pearl Alley & Gay St have farmers market (in season) & other street events to drive business.
• Has dining room seating and an outdoor patio.
• Restaurant is beautiful and a unique sports bar, with new wood floor and exposed brick walls.
• Restaurant has a walk-in cooler in the kitchen.
• Totally “gutted” and remodeled in 2014 with over $300,000 invested
• Pearl Alley was TOTALLY closed August thru Sept 10, 2017-Sales were very slow then . The Alley's have been totally redone.
• Added Blues music Sept 2017 on weekends
• This is a turnkey opportunity, as it is ready for you to take over AS IS or change the concept.

Attached Documents


Detailed Information

Location:
Columbus, OH
Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
5/1/2024
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Within walking distance for lunch/happy hour of 90% of the downtown hotel/work population. Easy Happy Hour Stop. 10 minute walk to the Arena District (Sports and Entertainment events) and the Short North Entertainment District
Growth & Expansion:
The Downtown Columbus Special Improvement District (SID) Plans call for aesthetic improvement to the area that will create a colorful and playful environment, but retain the grittiness of the alleys. These include overhead lighting along Lynn Alley, a long plastic hedge row along Pearl Alley, the installation of a small permanent stage for events, and a bollard system along both alleys that will hold flowers. The plans also include the installation of a lighted Pearl Market sign at Lynn and High streets to help brand the area and draw in traffic. The goal of the Pearl and Lynn alley improvements is to encourage development of small-scale retail space. The plans envision re-configuring buildings that line the alleys between Gay and Broad streets and between High and Third streets to house as many as 45 small retail stores and restaurants. The improvements will combine temporary and permanent retail space to create a Pearl Market-like retail environment year-round. Capital Crossroads is talking with building owners in the area about re-purposing buildings to allow for punch outs of small retail bays along the alley. The result will be clusters of retail spaces as small as 200 square feet. The alley improvement project will be rolled out in several phases. Phase one, which will be completed this summer, includes streetscape enhancements, dumpster enclosures, new lighting, artwork installations by local sculptor Malcolm Cochran, and decorative entrance signage. Additional shrubbery installations and greenery will be installed during a later phase.
Reason for Selling:
Owner focusing on primary business.
Business Website:
http://www.oliversonlynn.com/
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DJ Falcoski

Business Listed By:
Donald Falcoski

Re/Max Town Center Commercial

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