Established Bar in Cleveland Suburb

Brook Park, OH (Cuyahoga County)

Seller Financing Available
Established Bar in Cleveland Suburb
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Asking Price: $160,000

Cash Flow: $96,000

Gross Revenue: $385,000

EBITDA: $142,000

FF&E: $70,000

Inventory: $10,000*

Rent: $2,000 /Month

Established: 2017

*not included in asking price.

Established Bar in Cleveland Suburb

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Business Description

This established tavern & restaurant business has newer equipment and plenty of updates! This is a super location for locals to get together -- and you get to make money while they're doing it! Clean, well lit, tons of updates & low rent! Unique bar on lower level allows for booking private events! Yes that's right, you get two bars for the price of one! Granite bar top, plus trendy stained concrete floors in the lower level! Established business with solid sales, lots of updates and high capacity. Full kitchen includes fryers, griddle, gas burners and a convection oven -- that means you can even make pizzas! History shows that people love to go out to socialize with friends and have fun! This tavern is the perfect place for it! Take over, be the boss and start collecting your paycheck right away!

Detailed Information

Location:
Brook Park, OH
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,700
Lease Expiration:
11/30/2021
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This tavern has updates to bar and equipment throughout! Three new POS systems, granite bar top, plus trendy stained concrete floors in the lower level. Leased through November 2021. Flat rate monthly lease, no hidden costs. WOW! Options on lease include two 3 year renewals.
Competition:
This is a prime commercial lot with plenty of residential homes and businesses nearby. It sits on the border of two cities and attracts clientele from both areas. Updated interior and exterior gives a fresh, welcoming feel. Separate private bar has capacity for 75 additional people, has a walkout with separate entrance and attracts many customers looking to book parties, bands and private events. Lower level is included on liquor permit and can function as a totally separate bar with separate outside entrance. No nearby bars with similar space or visibility.
Growth & Expansion:
Adding Keno to this business would add instant revenue and growth. Two private lots, one in front of building, one in rear. Front parking lot could be re-striped to accommodate motorcycle parking & the addition of "bike nights" to the weekly lineup!! Several neighboring bars open at 5:30 am to accommodate local third shift auto workers, but none have kitchen facilities. New owner could expand the bar and kitchen times to include morning hours.
Financing:
Financing with Half Down
Support & Training:
Will provide training for up to 4 weeks. Existing staff willing to stay.
Reason for Selling:
Owner relocating
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Kelly MacCarthy CBI

Business Listed By:
Kelly MacCarthy

Century21

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