Ohio Banquet Venue, 110 Years, Four Revenue Streams

Asking Price$199,900

Cash Flow

EBITDANot Disclosed

Gross Revenue$492,164

Inventory$3,000
Included in asking price
FF&E$200,000
Included in asking price
Real Estate$849,900
Not included in asking price
listing imageSave

Ohio Banquet Venue, 110 Years, Four Revenue Streams


Asking Price$199,900

Cash Flow

EBITDANot Disclosed

Gross Revenue$492,164

Inventory$3,000
Included in asking price
FF&E$200,000
Included in asking price
Real Estate$849,900
Not included in asking price
Business Description
$492,164 Annual Revenue Across Fine Dining, Bar Service, Private Events, and Lar
Ohio Banquet Venue, 110 Years, Four Revenue Streams
$492,164 Annual Revenue Across Fine Dining, Bar Service, Private Events, and Large-Scale Banquets from a Single Leased Facility

Business Description
Corporate planners, families booking milestone celebrations, and individual diners each generate revenue through separate billing channels at this Ohio hospitality property. Fine dining, bar service, private event bookings, and large-scale banquets operate simultaneously under one roof. The income mix across four categories means a soft month in any single channel does not determine the financial outcome for that period.

Advance event bookings provide forward revenue visibility that walk-in dining alone cannot produce. Repeat banquet clients return on annual cycles for recurring celebrations and corporate functions. That booking pattern creates a predictable revenue base layered beneath the variable income from daily dining and bar service. The combined result is $492,164 in annual revenue with $133,368 in SDE at a 27.1% margin.

Fifteen employees cover front-of-house, kitchen, and event coordination across all four service formats. The team carries operational familiarity with high-volume event execution alongside standard dinner service. $200,000 in FF&E transfers at closing, covering commercial kitchen equipment, dining room furnishings, and the event infrastructure currently in active use. Inventory of $3,000 is included.

The facility occupies leased space in a high-traffic Ohio corridor near major regional attractions. A buyer acquires active staff, supplier relationships, event client accounts, and four revenue channels generating consistent near-$500,000 annual output.

Business History
Food service at this Ohio location dates to 1914. The original dining operation added banquet hosting, private event services, and bar operations across the following decades, each expansion built onto the existing physical footprint without requiring a separate facility or additional real estate. That incremental model produced the four-channel revenue structure currently in place.

The venue held its market position through the post-pandemic contraction that removed several competing Ohio food service operators between 2020 and 2024. Current revenue of $492,164 reflects stable demand across all four service categories entering 2026. The business is offered for sale due to owner retirement after a long operating tenure.

Potential Growth and Expansion
Private event bookings currently reach clients through existing community relationships. A direct outreach program targeting corporate accounts, wedding planners, and nonprofit organizations opens a new booking channel without additional staff or facility costs.

Key Highlights
Annual revenue of $492,164 with SDE of $133,368 (27.1% margin)
Founded in 1914, over 110 years of continuous operation in Ohio
15 employees across front-of-house, kitchen, and event coordination
Leased space in a high-traffic Ohio corridor near major regional attractions
FF&E of $200,000 included; inventory of $3,000 included
Four revenue channels: fine dining, bar service, private events, and banquets
Revenue stable year over year across all four service categories
Reason for sale is retirement
Financials Summary


Annual Revenue
$492,164
Seller's Discretionary Earnings
$133,368
SDE Margin
27.1%
Asking Price
$199,900
Price-to-SDE Multiple
1.50x
FF&E
$200,000 (included)
Inventory
$3,000 (included)
Revenue Trend
Stable

Confidentiality Notice
A signed confidentiality agreement is required before financial details are released. Qualified buyers should contact the listing broker to request the full offering memorandum.



*The real estate associated with this business sale is represented by Howard Hannah Real Estate Services, a licensed real estate brokerage in the State of Ohio. This advertisement is not generated by the Real Estate Brokerage.*
About the Business
Facilities & Assets
The property features a well-maintained, freestanding building with ample parking and strong visibility along a high-traffic corridor. The main dining room accommodates approximately 125 guests and offers a warm, upscale ambiance suitable for both casual and special-occasion dining. Adjacent to the main floor is a stylish bar area, seating around 40 guests, featuring a unique square bar design, booth seating, and large-screen TVs — ideal for both social gatherings and everyday dining.
Market Outlook / Competition
The business operates within a competitive but opportunity-rich segment of the Northeast Ohio dining market. While national chains and newer independent restaurants offer alternatives, few match the business’s combination of legacy, atmosphere, and versatility. Its reputation, built over generations, provides a significant competitive edge in terms of customer loyalty, word-of-mouth referrals, and community recognition. The banquet and private event capabilities also set it apart, offering a revenue stream many competitors lack.
Opportunities for Growth
This business is exceptionally well-positioned for strategic expansion. Opportunities include increasing catering operations for corporate clients, weddings, and off-site events — all supported by existing kitchen capacity and brand credibility. There’s untapped potential in expanding weekday service hours or introducing brunch offerings to boost revenue during non-peak periods. With strong name recognition and a loyal customer base, the business could also benefit from enhanced digital marketing, loyalty programs, and a refreshed online presence
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
12,092
About the Sale
Seller Motivation
retirement
Transition Support
4 weeks
Financing Options
*To protect Seller confidentiality, the Broker's withheld specific County detail.
Listing Info
ID
2377758
Listing Views
1200

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Brian Adolph Transworld Business Advisors of Canton

Listing ID: 2377758 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.


Similar Listings
Patriot Pipeline
$150,000Patriot PipelineFeatured Franchise
Restaurant and Real Estate for sale
$385,000Restaurant and Real Estate for saleSummit County, OH
Sandwich Shop
$199,000Sandwich ShopSummit County, OH
Patriot Pipeline
$150,000Patriot PipelineFeatured Franchise
Restaurant and Real Estate for sale
$385,000Restaurant and Real Estate for saleSummit County, OH
Sandwich Shop
$199,000Sandwich ShopSummit County, OH
Patriot Pipeline
$150,000Patriot PipelineFeatured Franchise