Eastside Full Service Restaurant - Trip Advisor Hall of Fame Member

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Eastside Landmark
Asking Price:
$289,000

Gross Revenue:
$862,000
Cash Flow:
$145,000
EBITDA:
$145,000
Inventory:
$3,000
included in asking price

FF&E:
$15,000
included in asking price

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Business Description

Established over 25 years ago by the current retirement aged owner, this is a full - service dining, catering, and carryout restaurant. The most recent three year average sales are $862,000 producing average owner’s earnings of $145,000. This restaurant is known for serving a wide variety of dinners, sandwiches, soups, and salads. In addition, they also offer delivery and full - service catering for company picnics, weddings, and parties. They have received the certificate of excellence from Trip Advisor for 4 years in a row! There is also a Rewards Program in place with 3,000 loyal members. The restaurant is offered as an asset purchase free and clear of debt. Other highlights include:

Excellent staff
SBA loan qualified
Clean books and records
Superb high - quality location
Independent - not a franchise
Great customer loyalty program
Serves breakfast, lunch, and dinner
Consistent history of sales & profits
Excellent rating on Yelp and Google

About the Business

Year Established:
1992
Number of Employees:
12
Real Estate:
Leased
Facilities:
The restaurant is located in a very popular and well - travelled area on the east side of Cincinnati. It is attractively decorated and well – maintained. A considerable amount of the restaurant equipment has been recently purchased.
Market Outlook/
Competition:
The restaurant is well – positioned as a place where one can take the family and not break the bank. Because of this, its popularity is ever increasing and has become a destination for many.
Growth & Expansion:
Catering is the largest growth area where a buyer could move the business forward. Catering includes picnics, parties, weddings, and holiday celebrations. Increased marketing on social media websites could also drive sales.
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About the Sale

Reason For Selling:
The seller is of retirement age.
Training/Support:
The seller will stay on as long as necessary to ensure the comfort level of the buyer.

Listing Info

ID:
1456208
Ad Detail Views:
1343

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Business Listed by

Dan Long

Cincinnati Business Brokers

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U.S. Census Data for Clermont and Hamilton Counties, OH
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Clermont and Hamilton Counties, OH
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Source: American Community Survey (2010-2014), United States Census Bureau.

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