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Long Time Restaurant And Bar
Location: United States -> Ohio -> Cuyahoga County
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

Nice family restaurant with a nice spacious bar looking for a new owner. The current long time owner is looking to retire. The restaurant features a typical American menu with repeat clientele that sits in a nice strip mall with lots of commercial and residential clientele on a main street. Seating capacity is over 170, the bar can fit 40 between the bar stools and the tables and the rest in two very nice dining rooms. Restaurant comes with D6 liquor license. The restaurant bar could easily increase business in a short time with a younger energetic owner who can bring in fresh ideas. The area can easily support more business for this establishment but it just isn't being tapped into. The current owner admittedly is just running day to day operations and not doing anything over and above that. Restaurant also does modest residential catering and could increase with the commercial business in the area. The next owner could also change the brand of the business to a sports bar, night club, go to a restaurant with no bar or whatever vision the next owner has for this prime location. The next owner could also try breakfast because of the area and the business sits on a main street and can support it. The restaurant could use some updating but overall looks pretty good. Current owner willing to work with the new owner for a month to ease the transition with the clientele and the employees. The lease has fours years left on it. You cant beat this opportunity considering the inventory is included in the purchase price and a low down payment. So take a closer look and feel free to make an offer, the owner is anxious to sell. Please call 1-877-735-5224 for further information.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $130,000
Cash Flow:   $55,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $10,000
Seller Financing:  Yes

About The Business

Year Established:  2009
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The seller will train the new owner.
Reason For Selling:  Seller is retiring

Photos

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Long Time Restaurant And Bar Photo 1 Long Time Restaurant And Bar Photo 2




Print Listing Id: 700260217
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > Ohio Businesses For Sale > Ohio Franchises For Sale > Ohio Business Brokers



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