Popular Upscale Bar & Restaurant

Cincinnati, OH (Hamilton County)

Seller Financing Available
Not Actual Space
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Asking Price: $490,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $170,000

Inventory: $35,000

Rent: $9,000 /Month

Established: 2005

Popular Upscale Bar & Restaurant

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Business Description

Dual Concept Fine Dining restaurant and High End Nightclub.
The business has over 8,000 SF of use space and access to a large banquet facility for special events, weddings, graduations, and large corporate events as well as their own private event room set up for smaller events. The dining room is set up in an eloquent fashion with high-end finishes and a menu to match. The Nightclub has a large bar, bottle service, a DJ Booth and a Vegas style atmosphere. There is a large production and prep kitchen with hoods and Ansul System, walk-in cooler, walk-in freezer and significant storage areas for food and beverage. The location also has an extensive wine list and bottle selection. This is truly a one of a kind experience in a unique market. Great operation for an owner / operator to grow a well-established business.

Detailed Information

Location:
Cincinnati, OH
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
7/31/2022
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great location attached to a hotel. Banquet capacity holds 250 people plus nightclub and dining room area can hold another 325! Large kitchen to accommodate high volume with walk-in coolers and freezers. Multiple dining tables and booths, private party room, and nightclub with VIP areas make this space the popular venue it is.
Competition:
Limited high-end dining within the market brings in special clientele for events and conferences.
Growth & Expansion:
Owner/Operator has the ability to expand business name and concept to other similar towns. The ability to open during "closed months" could increase profit margin.
Financing:
With Qualified Buyer
Support & Training:
Owner will supply training as needed during acquisition period.
Reason for Selling:
Moving onto other business interests.
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(from currently available funds)
 
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Gabriela Costantini

Business Listed By:
Gabriela Costantini

3CRE Commercial Real Estate

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