Asian Restaurant – 4,000+ SF, Liquor License, University Circle
Business Description
This is a rare chance to acquire a well-established Asian restaurant in the University Circle area of Cleveland, OH, known for its steady
influx of students, professionals, and visitors. The restaurant boasts over 4,000 square feet of dining space with seating for 70 guests,
a modern interior, and rent of only $5,500 per month—an excellent value for such a prime location.
The business currently offers seafood and fried chicken, but the spacious layout gives a new owner the flexibility to add additional
cuisines or concepts. The seller invested about $450,000 to build out the restaurant three years ago, creating a turnkey operation with
high-quality equipment and a strong dining environment.
With a stable team in place, this restaurant is positioned for growth. The business has not engaged in advertising, leaving a clear
opportunity for a new owner to attract more customers through promotion, social media, and delivery platforms. Proximity to a major
hospital also opens the door for catering services, while tailored menu options for students could expand its reach further.
A valuable liquor license is included and transferable, providing an additional revenue stream. The current owner is divesting due to
focus on other businesses, making this an excellent opportunity for a motivated operator.
Highlights
4,000+ SF with 70 seats, excellent dining environment
Rent only $5,500/month in prime University Circle location
$450K buildout investment; fully equipped, turnkey operation
Current menu: seafood & fried chicken; opportunity to expand cuisine
Stable team in place
No advertising or promotion—clear growth potential
Catering opportunities near large hospital
Liquor license included and transferable
influx of students, professionals, and visitors. The restaurant boasts over 4,000 square feet of dining space with seating for 70 guests,
a modern interior, and rent of only $5,500 per month—an excellent value for such a prime location.
The business currently offers seafood and fried chicken, but the spacious layout gives a new owner the flexibility to add additional
cuisines or concepts. The seller invested about $450,000 to build out the restaurant three years ago, creating a turnkey operation with
high-quality equipment and a strong dining environment.
With a stable team in place, this restaurant is positioned for growth. The business has not engaged in advertising, leaving a clear
opportunity for a new owner to attract more customers through promotion, social media, and delivery platforms. Proximity to a major
hospital also opens the door for catering services, while tailored menu options for students could expand its reach further.
A valuable liquor license is included and transferable, providing an additional revenue stream. The current owner is divesting due to
focus on other businesses, making this an excellent opportunity for a motivated operator.
Highlights
4,000+ SF with 70 seats, excellent dining environment
Rent only $5,500/month in prime University Circle location
$450K buildout investment; fully equipped, turnkey operation
Current menu: seafood & fried chicken; opportunity to expand cuisine
Stable team in place
No advertising or promotion—clear growth potential
Catering opportunities near large hospital
Liquor license included and transferable
About the Business
- Years in Operation
- 4
- Employees
- 8 (2 Full-time, 6 Part-time)
- Facilities & Assets
- 225,000 FFE and 225,000 leasehold improvement
- Market Outlook / Competition
- Rare compétition
About the Sale
- Seller Motivation
- Seller has other business and can't focus
- Transition Support
- 2 Weeks training
- Financing Options
- 125000 down
Listing Info
- ID
- 2413315
- Listing Views
Listing ID: 2413315 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. See our full Terms of Use. Learn how to avoid scams.
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