Iconic Cincinnati Seafood Restaurant

Cincinnati, OH (Hamilton County)

Seller Financing Available
Iconic Cincinnati Seafood Restaurant
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Asking Price: $800,000

Cash Flow: N/A

Gross Revenue: $2,800,000

EBITDA: N/A

FF&E: $150,000

Inventory: $27,000*

Rent: $12,236.78 /Month

Established: 1994

*not included in asking price.

Iconic Cincinnati Seafood Restaurant

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Business Description

This Iconic Seafood restaurant takes its guests away from the mundane daily Midwest grind to a Tropical beach getaway. This long-term Cincinnati restaurant has been a staple for over 25 years and continues to draw in locals and destination seekers alike. This large operations provides its guests with multiple dining rooms and bars to enhance their experience. This is the perfect operation for an owner / operator to come in and take over a restaurant that is proven and will continue to grow and develop under it's next leader.

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Detailed Information

Location:
Cincinnati, OH
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
4/30/2024
Employees:
27
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant has over 6,000 sf of use space which includes multiple dining rooms that can accommodate as many as 240 guests. There are two bars included that help maintain overflow during busy time periods. There is a primary kitchen that handles the bulk of food production and a secondary kitchen that can handle additional production when the restaurant is at full capacity. There is a large parking lot that can handle approxamitely 100 cars. The long-term lease comes with the acquisition of the business.
Competition:
Very few competitors in the market segment. Great retail and residential market with a 3 to 5 mile radius.
Growth & Expansion:
This is a well-established business that an owner / operator can step into and continue to develop and grow the reputation of the operation. This business will provide and immediate cash flow.
Financing:
With qualified buyer
Support & Training:
Owners will provide on-site training during the transition of the business.
Reason for Selling:
Owners looking to retire.
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(from currently available funds)
 
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Brett Post

Business Listed By:
Brett Post

3CRE Advisors

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