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Upscale Casual Restaurant
Location: United States -> Ohio -> Cincinnati
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This 4,000 square foot eastside Cincinnati restaurant with seating for 150 is a relaxing, but lively place for all to eat. Taking a new restaurant to over $1.1 million in sales with over $150,000 in owner earnings in 8 years is no easy task, but the seller has accomplished this with class and much profitability. The seller takes immense pride in serving scratch made food while the restaurant's steaks, fish, and chicken are always fresh, never frozen. All of the soups, sauces, and salad dressings are made in house. The restaurant is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

路 Full liquor license
路 SBA loan qualified
路 2018 sales 6% over 2017 sales
路 Uses the latest in restaurant software
路 Long term employees and managers in place
路 Clean books and records 鈥 all numbers are verifiable
路 Inventory between $10,000 - $20,000 included in the price
路 Over $300,000 initial investment made to open is included in the price

Ask price is $350,000 - call Dan at 513/315-3006


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,190,000
Cash Flow:   $161,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $65,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Health

Photos

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Upscale Casual Restaurant Photo 1




Print Listing Id: 700328034
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

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



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