High Volume Upscale Restaurant in Affluent Suburb

Sale Pending

Asking Price$250,000

Cash Flow
$155,075
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,820,000

Inventory$15,000
Included in asking price
FF&E$100,000
Included in asking price
Real Estate$1,500,000
Not included in asking price
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High Volume Upscale Restaurant in Affluent Suburb


Sale Pending

Asking Price$250,000

Cash Flow
$155,075
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,820,000

Inventory$15,000
Included in asking price
FF&E$100,000
Included in asking price
Real Estate$1,500,000
Not included in asking price
Business Description
This family-owned full-service lunch and dinner restaurant located in a Cleveland Suburb, offers a unique dining experience with an onsite bakery providing freshly baked bread. The store has established a strong reputation for providing high-quality food in Cuyahoga County.
Opportunities for growth abound, particularly through the expansion of services to include breakfast offerings and catering services. Additionally, leveraging new advertising channels presents a promising avenue for further business development and revenue enhancement.
The restaurant benefits from a great location, established processes, dedicated staff, and strong local brand recognition. The restaurant was recently updated with remodeled bathrooms, a beautiful outdoor patio and a freshly paved parking lot. The business sales have increased by 8% in 2022 and 14% in 2023. The acquisition of this restaurant holds immense potential for investors who have the skill-set to improve the labor and food costs, which combined are about 15% higher than the industry average. With its established reputation, solid financial performance, and avenues for expansion, this restaurant is poised for continued success under new ownership.
About the Business
Years in Operation
24
Number of Employees
40
Real Estate
Owned or Leased
Owned
Not included in asking price
Listing Info
ID
2216582
Listing Views
2933

Contact Seller

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Business Listed by: Brad Ruth GLBA Business Advisors Brokered by eXp Commercial

Listing ID: 2216582 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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