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Profitable Restaurant Bar & Grill in Canton Area

Canton, OH (Stark County)

Seller Financing Available
Profitable Restaurant Bar & Grill in Canton Area
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Asking Price: $249,000

Cash Flow: $161,900

Gross Revenue: $710,000

EBITDA: $107,000

FF&E: $40,000

Inventory: N/A

Real Estate: $275,000*

Established: 2005

*not included in asking price.

Profitable Restaurant Bar & Grill in Canton Area

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Business Description

This well-established bar and grill has the perfect location in a cozy downtown area with very little competition. There is a second story deck that overlooks a river and bridge with seating for 40. In the summer, they have cornhole and jumbo Jenga for their patrons to play while enjoying dinner and an adult beverage. They are a family friendly casual dining restaurant that serves wraps, salads, steaks, ribs, gourmet burgers and more. They have 10 beers on tap and a full D-5 license. This restaurant has live music every Saturday night with local bands from Akron/Canton area and surrounding counties. This restaurant is closed on Sundays, so there is room for growth if opened 7 days a week or continue as is and enjoy a guaranteed 1 day off a week. The building is owned by the business owner and they are willing to sell or will offer a reasonable lease rate for the new owner. If you have dreamed of owning a restaurant, this is a perfect opportunity.

Detailed Information

Canton, OH
Real Estate:
Not included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The restaurant is 3,670 s.f. and the building has an additional 6,470 s.f of storage space.
This business is in small town and it is not in the city listed because we want to keep this listing confidential. It is located in a small town close to Carrollton.
Growth & Expansion:
The business only open 6 days a week, so there is plenty room for sales growth if the new owner wants to be open on Sundays. The restaurant has two party rooms and they have not been utilized anywhere close to 50% capacity and could be promoted for wedding and baby showers.
Support & Training:
The owners are willing to help train for 1-2 months depending on the experience level of the new owners.
Reason for Selling:
Ready to retire
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Brad Ruth

Business Listed By:
Brad Ruth

Great Lakes Business Alliance, Inc.

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