Popular Restaurant with Ohio River View

Cincinnati, OH (Clermont County)

Popular Restaurant with Ohio River View
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Asking Price: $369,000

Cash Flow: $108,000

Gross Revenue: $542,000

EBITDA: N/A

FF&E: $662,000

Inventory: $7,000*

Real Estate: N/A

Established: 2007

*not included in asking price.

Popular Restaurant with Ohio River View

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Business Description

BUSINESS FOR SALE F-2613

POPULAR RESTAURANT OHIO RIVER VIEW

Offered for sale is this very popular restaurant located with a Ohio River view in the Greater Cincinnati region. The current owner opened the restaurant over 10 years ago and now over retirement age, is ready to sell.

Investment Higfhlights:

• Real Estate is included in the purchase price
• Last real estate appraisal is greater than the asking price
• The business and liquor license add substantial additional value
• Excellent reputation, earned the “Best of Cincinnati” award
• The restaurant draws its customers from a larger radius than most restaurants
• Many opportunities to increase sales

Reason for Sale:

After operating the business for 10 years, the owners are ready to retire. This offers a unique opportunity for the buyer to purchase a restaurant with a well known name and great reputation, with real estate.

Asking Price:

The business with real estate is being offered as an asset purchase free and clear of debt and liability for an asking price of $369,000 plus inventory (approximately $7,000) at cost.

Detailed Information

Location:
Cincinnati, OH
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4300 sf
Competition:
Limited competition in its market area
Growth & Expansion:
Growing rural area
Support & Training:
As needed
Reason for Selling:
Retirement
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Business Listed By:
Wayne Corney

Keate Partners, Ltd.

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