Dining Restaurant Northwest Columbus, Ohio
| Asking Price: | $475,000 | Inventory: | |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Asking price:$475,000
Business Description
Upscale ethnic restaurant located in a very Affluent area of Columbus Ohio. This restaurant has earned a loyal neighborhood following with a diverse customer base. Additional revenue is generated from catering and a beautiful party room that is separated from the large dining area. There is a wide variety of Wine on hand and the liquor license includes Sunday sales. There is an Outdoor Patio that is very popular as a gathering spot. This restaurant is very proud of its talented and creative chef who wants to continue with the business.
Area Competition
Several restaurants and pubs are in the area, but no ethnic cuisine of this type for miles. This area, being very affluent allows it to support many different types of restaurants.
Possible Improvements
Owner has recently expanded the new menu for summer plus purchased all new china from Turkey. Added a more exclusive Wine and Beer selection. There will be a 52 inch TV installed in the bar area. Also, they are in the process of building a new Web Site. In addition the patio will have a new design and include new tables and chairs.
Reason for selling
Seller wishes to relocate, with his family, to the West Coast of the United States.
Lease Terms
Ten year lease in place. Current rent is $3,655. Per month.
Location
This sale is very confidential and the location will be released after a Confidentiality Agreement has been signed and returned.
Restaurant Facts
Seating capacity is between 130 – 140. Square footage is 3,000. There is plenty of parking available.
Support and Training
Owner may be willing to stay to assist in the transition period, but the terms must be agreed to. The ethnic chef will continue.
Hours of Operation
Monday – Friday: 11:00 to 10:00
Saturday: 12:00 to 10:00
Sunday: 12:00 to 9:00
Available Financing
Prudential can offer several sources of financing.
Furniture / Fixtures
All required equipment that is involved in the operation of the day to day business stays. A list can be provided.
Inventory
Food inventory changes daily. Wine, liquor and beer will be established at time of closing.
What’s in it for the Buyer
The new buyer will have the advantage of a very well established and respected, White Table Cloth, restaurant operation, in a thriving area. New ownership, with a well thought out business plan in place, can help to control the cost of operations (particularly food costs).
MLS REMARKS
Confidential sale do not talk to employees. Established restaurant in an affluent area. Liquor license includes Sunday sales. Offers, fine dining, catering, patio area, and possibly seller financing. Ten year lease in place. Ethnic chef will stay. No Ethnic Restaurants in area for competition. Required equipment stays.
Head Line for Web Sites
Fine Dining Restaurant with Bar and Patio.
Business Description
Upscale ethnic restaurant located in a very Affluent area of Columbus Ohio. This restaurant has earned a loyal neighborhood following with a diverse customer base. Additional revenue is generated from catering and a beautiful party room that is separated from the large dining area. There is a wide variety of Wine on hand and the liquor license includes Sunday sales. There is an Outdoor Patio that is very popular as a gathering spot. This restaurant is very proud of its talented and creative chef who wants to continue with the business.
Area Competition
Several restaurants and pubs are in the area, but no ethnic cuisine of this type for miles. This area, being very affluent allows it to support many different types of restaurants.
Possible Improvements
Owner has recently expanded the new menu for summer plus purchased all new china from Turkey. Added a more exclusive Wine and Beer selection. There will be a 52 inch TV installed in the bar area. Also, they are in the process of building a new Web Site. In addition the patio will have a new design and include new tables and chairs.
Reason for selling
Seller wishes to relocate, with his family, to the West Coast of the United States.
Lease Terms
Ten year lease in place. Current rent is $3,655. Per month.
Location
This sale is very confidential and the location will be released after a Confidentiality Agreement has been signed and returned.
Restaurant Facts
Seating capacity is between 130 – 140. Square footage is 3,000. There is plenty of parking available.
Support and Training
Owner may be willing to stay to assist in the transition period, but the terms must be agreed to. The ethnic chef will continue.
Hours of Operation
Monday – Friday: 11:00 to 10:00
Saturday: 12:00 to 10:00
Sunday: 12:00 to 9:00
Available Financing
Prudential can offer several sources of financing.
Furniture / Fixtures
All required equipment that is involved in the operation of the day to day business stays. A list can be provided.
Inventory
Food inventory changes daily. Wine, liquor and beer will be established at time of closing.
What’s in it for the Buyer
The new buyer will have the advantage of a very well established and respected, White Table Cloth, restaurant operation, in a thriving area. New ownership, with a well thought out business plan in place, can help to control the cost of operations (particularly food costs).
MLS REMARKS
Confidential sale do not talk to employees. Established restaurant in an affluent area. Liquor license includes Sunday sales. Offers, fine dining, catering, patio area, and possibly seller financing. Ten year lease in place. Ethnic chef will stay. No Ethnic Restaurants in area for competition. Required equipment stays.
Head Line for Web Sites
Fine Dining Restaurant with Bar and Patio.
About the Business
Market Outlook and Competition:Several restaurants and pubs are in the area, but no ethnic cuisine of this type for miles. This area, being very affluent allows it to support many different types of restaurants
About the Sale
Management Training and Support:Owner may be willing to stay to assist in the transition period, but the terms must be agreed to. The ethnic chef will continue
Reason For Selling:Seller wishes to relocate, with his family, to the West Coast of the United States.
Seller Financing:Prudential can offer several sources of financing
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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