Turn Key Restaurant For Sale in Northeastern Ohio

Summit County, OH

Seller Financing Available
Turn Key Restaurant For Sale in Northeastern Ohio
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Asking Price: Get Financing: $395,000

Cash Flow: $200,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $225,000

Inventory: $16,000

Lease Rate: N/A /SF

Established: 2001

Turn Key Restaurant For Sale in Northeastern Ohio

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Business Description

EASY TURN KEY RESTAURANT FOR SALE in NORTHEASTERN OHIO

Successful, 5,100 square foot restaurant with additional patio seating for 40 people. Revenues provided through Dine-In, Carry-out, and Off-Premise Catering. Dedicated staff, executing a fresh menu have given this establishment a great reputation, providing an easy transition for any new owner.
Liquor License is a D1, D2, D3, and D6, providing Liquor, Beer and Wine
7 days / week, including Beer and Wine for carry-out any day. Assignable lease is available through the end of 2025 at very reasonable rent. Currently open only six days (Mon. – Thurs. 11:30am – 9:00pm, and Fri. & Sat. 11:30am – 11:00pm). Sales are on a growth swing, and the potential to grow this establishment to well over two million+ per year is very achievable. The location is conveniently situated just 1/10th mile off an expressway exit and sits between two major Ohio Turnpike exits by just 5 miles each. The parking lot has ample room for bus parking. Situated in a busy Shopping Center anchored by a Giant Eagle, banks and many familiar stores creating multiple repeat traffic. This active, populated suburb also offers growth to a large, growing manufacturing and industrial business environment, and is also home to two major medical facilities. The adjacent five suburbs surrounding boast active growth in both residential and business development also.
Known for great food and atmosphere, this gem is a diamond in the rough. This locally owned and operated spot has become a favorite to long time regulars of all ages over almost 2 decades! This brand has so much potential for duplication or expansion! The owners want to fully retire to enjoy their grandchildren, after almost 39 years in the business of hospitality.
Whether you are looking for that great local restaurant “dream of your own” or you are looking for an established concept that could be duplicated, you need to kick these tires and check this one out! Though the sellers believe that the proven “brand reputation” has huge potential for a new owner, this location with its beautiful interior could be adaptable to other concepts, if so desired.
Please contact Joseph Cardillo, CPA at 216-291-2224 or via joe@joecardillocpa.com
A Confidential Disclosure Agreement will be required.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,100
Lease Expiration:
12/31/2025
Employees:
25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully equipped and maintained FF & E. Newer A/C and hot water tank installed.
Competition:
Unique menu and concept. Excellent reputation. Some casual dining / quick service establishments in area, but population growing currently and plenty opportunity. Fabulous location!
Growth & Expansion:
Off-Premise Catering & On-Premise Banquets offer great potential for revenue growth without even increasing days/hours! Just by simply expanding the social media marketing could increase business even more! And, then if you wanted to extend day parts / hours... the sky is the limit!
Financing:
Negotiable to qualified buyer
Support & Training:
Owner will stay on for time TBD if desired by buyer to facilitate a smooth transition.
Reason for Selling:
Retirement
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Business Listed By:
Joe Cardillo, CPA

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