Successful Restaurant in Polaris!

Columbus, OH (Delaware County)

Seller Financing Available
Successful Restaurant in Polaris!
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Asking Price: $225,000

Cash Flow: $60,000

Gross Revenue: $771,000

EBITDA: $1

FF&E: $125,000

Inventory: N/A

Rent: $6,533.33 /Month

Established: 2009

Successful Restaurant in Polaris!

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Business Description

Columbus area restaurant has been a staple in the market for nearly 10 years. There is a large dining area along with a separate banquet room for private parties and special events. Kitchen has a very large hood, walk-in cooler and a full kitchen package. Business comes with a D5 liquor permit. There are additional revenue sources that will come with the restaurant. This is a highly confidential listing, so a CA will be required prior to disclosure of the business information.

Detailed Information

Location:
Columbus, OH
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,900
Lease Expiration:
11/1/2019
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 4,900 Sf restaurant includes a dining room for 100 and a separate banquet room for an additional 80 guests. The kitchen has a very long hood and a walk-in cooler. There are several chest and stand up freezers. Lots of parking in the area and over 30,000 VPD passing by. Low cost per square foot in rent rate for a Polaris Restaurant site.
Competition:
There is a very strong traffic flow for retail and a dense model for local office and business clients. Chase bank is within a short drive and has well over 11,000 potential clients. The Polaris Fashion mall is also within a mile of the operation providing additional opportunities to capture large volumes of new business daily.
Growth & Expansion:
There are several additional revenue sources for this business that can be expanded by a good operator: Banquet, Off-site catering and delivery, corporate luncheons. One other key component to be discussed with serious buyers only.
Financing:
With Qualified Buyer
Support & Training:
Owners will provide on-site training for operator looking to take over the business model as is and continue to develop an already successful operation.
Reason for Selling:
Owners need to focus on their primary business operation.
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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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