Restaurant and Bar for Sale

Newark, OH (Licking County)

Restaurant and Bar for Sale
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Asking Price: $355,000

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $125,000

Inventory: $3,000*

Rent: $2,700 /Month

Established: 1970

*not included in asking price.

Restaurant and Bar for Sale

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Business Description

This is an excellent opportunity to purchase an long-established iconic Newark restaurant / bar in a great location in Newark, Ohio. This restaurant's sales have topped $1,000,000. Attractive, remodeled facility with a dining room, full-service bar and fully-equipped kitchen. Full liquor license.

Detailed Information

Location:
Newark, OH
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
8 FT, 12 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful facility - upscale, decor but cozy and comfortable with booth and table seating. Bar area has bar and table seating.
Competition:
Competitive market, but area competition is a draw to the area and creates more customer traffic. Good daytime and night business. Several customer draws in the area.
Growth & Expansion:
Area is resurging and traffic is increasing. Opportunity to reestablish the iconic restaurant and build sales with installation of a popular menu.
Financing:
No seller financing available. Cash sale only.
Support & Training:
Owner will train buyer and provide transitional assistance(not included in sale price).
Reason for Selling:
Owner has other business interests.
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(from currently available funds)
 
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Robert Welcher

Business Listed By:
Bob Welcher

RCI Business Brokers

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