Party Center / Restaurant - Fully Equipped - Lease

Kirtland, OH (Lake County)

Front Banquet Room
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Asking Price: Get Financing: $10,000

Cash Flow: N/A

Gross Revenue: N/A


FF&E: $50,000

Inventory: $1,000

Lease Rate: $6 /SF/Year

Established: 1974

Party Center / Restaurant - Fully Equipped - Lease

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Business Description

Great opportunity for a low cost entry into the restaurant/catering business or interest in starting, expanding, or moving an established business to a new location. Turn-Key Operation where all capital equipment is included with the entire facility at a reasonable rental rate of $6.00 per SqFt + CAM. Free Rent to get started.... BUSINESS IS FREE... $10K asking price is for the lease Security Deposit. This is a landlord owned deal looking to re-lease this fully equipped space to a new successful business owner. The Location has a great track record: long established 41 years proven business, in a great neighborhood, good reputation. Please call for the unique benefits of this opportunity. Landlord has starting a Major Renovation of Building Front in March 2018 due to be completed in May 2018.

Attached Documents

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Party Center/Restaurant. The space is currently set up with a larger front banquet hall which can seat up to ~250 people, center kitchen, and smaller rear banquet hall seating up to ~150 people. 10,000 Square Feet in total facility space, making it perfect for a Restaurant Bar and or Party Center. The premises is fully equipped with party center / restaurant assets along with all furnishings. Plenty of Parking with 2 private covered entrances. The location can be available immediately after a new lease is signed. Kirtlander Party Center: Address is: 9270 Chillicothe Rd Kirtland Ohio 44094. Landlord is now in process of a major renovation of the outside entrances of the building. Should be completed in May 2018 with a New Grand Curb Appeal. *** See conceptual plan in attached files....
Located in busy shopping center in Downtown Kirtland bordering the City of Mentor, 2 minutes south from I-90 Freeway RT 306 Exit. Current tenant of this space is the Kirtlander Party Center. The premise is fully equipped to operate a Party Center, Restaurant or Bar along with the rental space. Very little competition in the area. Great Location near freeway, long established business since 1974, in a good neighborhood with Excellent Demographics - $101,122 Avg Household Income - 1mile ($87,122 - 2-mile) ($78,470 - 3-mile) Many possibilities for this location with an affordable entry cost to get started.
Growth & Expansion:
Premises has an outdoor area perfect for a Patio Expansion. Great opportunity for someone with current restaurant/catering business experience looking to start, expand or move into a new location. ** See Attached Floor Plan to visualize all the possibilities....
Support & Training:
New owner needs to have experience in the catering business to restart existing business and expand sales to their desired markets.
Reason for Selling:
Owner Retired from Catering & Landlord Re-Leasing the Facility Fully Furnished.
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Joe Castrataro

Business Listed By:
Joe Castrataro

JJS Properties, LLC

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