Profitable Restaurant and Bar

Summit County, OH

Profitable Restaurant and Bar
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Asking Price: $500,000

Cash Flow: $182,000

Gross Revenue: $800,000

EBITDA: N/A

FF&E: $75,000

Inventory: $5,000

Real Estate: $1,000,000*

Established: 1980

*not included in asking price.

Profitable Restaurant and Bar

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Business Description

This fifteen year old stand alone restaurant houses more than just a bar, dining area and rest room, but a quiet peaceful oasis for clients and employees alike. Good food, long traditions, and loving care have made this a profitable well loved local business icon. Traditions, Processes and Procedures drive 20% to the bottom line.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
6,500
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This stand alone building less than fifteen years old with more than 200 seats houses a bar, a dining area, spacious front room, event area and spare apartment. Ample parking with easy access to on and off ramps to the freeway.
Competition:
The local area is expanding as businesses bring in additional workers looking for local food. Well established with good clientele to tide new owners over as the restaurant takes on it's own new persona. Additional hours are available to expand for both the dining room and the bar.
Growth & Expansion:
The current owners have enjoyed their constant exposure to the public eye, but are ready to pass the torch on to younger, motivated, new owners who would want to expand into new territory, such as breakfast, catered events and longer bar hours.
Support & Training:
Support services will be as negotiated, on an as needed basis, depending on the needs of the new buyer. The employee turn over has not been high, so the current Staff are well versed in the nuances of the business.
Reason for Selling:
The Owners are ready to retire.
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Lee Huff

Business Listed By:
Lee Huff

Ohio Valley Business Advisors

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