Profitable Turnkey Restaurant & Lounge – Prime Cleveland Location

Asking Price$220,000

Cash Flow

EBITDA$100,000

Gross Revenue$700,000

Inventory$16,000
Included in asking price
FF&E$125,000
Included in asking price
listing imageSave

Profitable Turnkey Restaurant & Lounge – Prime Cleveland Location


Asking Price$220,000

Cash Flow

EBITDA$100,000

Gross Revenue$700,000

Inventory$16,000
Included in asking price
FF&E$125,000
Included in asking price

Seller Financing Available
Business Description
Profitable Turnkey Restaurant & Lounge Opportunity – Prime Cleveland Location

Exceptional opportunity to acquire a fully operational restaurant and lounge located on one of Cleveland's major commercial corridors. This established hospitality business has built a strong reputation for quality food, craft cocktails, private events, and nightlife entertainment.

The venue features approximately 75-90 seats, a fully equipped commercial kitchen, bar, dining area, and all furniture, fixtures, and equipment necessary for continued operation. The space has been thoughtfully designed to accommodate dining, social events, private parties, and live entertainment.

Business Highlights:
• Prime Euclid Avenue location with strong visibility and traffic
• Fully equipped commercial kitchen and bar
• Seating for approximately 75-0 guests
• Established customer base and growing social media presence
• Proven revenue streams
• Strong opportunities for growth through catering, private events, and expanded operating hours
• Turnkey operation with trained staff and operational systems in place
• Liquor license included
• Ideal opportunity for an owner-operator, chef, hospitality group, or investor

The current concept has demonstrated strong community support and consistent customer engagement. A new owner may continue operating under the existing model or rebrand to a new restaurant, sports lounge, cocktail bar, or entertainment concept.

This is a rare opportunity to acquire an established hospitality business without the significant cost, time, and risk associated with a ground-up buildout.

Ownership is pursuing other business interests and is committed to facilitating a smooth transition.
Serious inquiries only. Additional information available upon execution of a confidentiality agreement.
About the Business
Years in Operation
5
Employees
16 Part-time
Full FOH, and BOH staff in place.
Facilities & Assets
Fully equipped turnkey restaurant and lounge featuring state of the art commercial kitchen, bar area, dining room seating for approximately 90 guests, furniture, fixtures, equipment, POS system, multiple 65" televisions, small wares, and operating systems necessary for continued operation. Sale includes all owned restaurant equipment, furnishings, décor, and transferable business assets required to operate the business.
Market Outlook / Competition
The business is located on Euclid Avenue in Cleveland, one of the city's major commercial corridors. The area continues to benefit from ongoing development, strong healthcare and education employment centers, and consistent traffic from residents, professionals, students, and visitors. Consumer demand for dining, social experiences, brunch concepts, and event-driven hospitality remains strong, creating opportunities for continued growth and expansion. The location is well-positioned for both independent operators and hospitality groups seeking an established presence in a high-visibility market.
Opportunities for Growth
Significant opportunities exist to increase revenue through expanded catering services, corporate and university partnerships, private event bookings, delivery and takeout growth, enhanced digital marketing, and additional weekday programming. The business is also well-positioned to increase sales through sports viewing events, nightlife offerings, branded special events, and expanded operating hours. A new owner could further scale the concept through franchising, multi-unit expansion, or rebranding to align with their own vision.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,700
Rent
$5,000.00 per month
Lease Expiration
8/1/2030
About the Sale
Seller Motivation
Serious Inquiries Only: Financial verification is a must
Transition Support
The current ownership is committed to a smooth transition and will offer training to the qualified buyer.
Financing Options
Seller Financing Available
Listing Info
ID
2513674
Listing Views

Contact Seller

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

Business Listed by: Joseph Shrompt

Listing ID: 2513674 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
Established Steak House
$250,000Established Steak HouseMiddleburg Heights, OH
Jon Smith Subs
$100,000Jon Smith SubsFeatured Franchise
Wine Bar
$129,000Wine BarCleveland, OH
Chocolate Bash
$100,000Chocolate BashFeatured Franchise
Great established restaurant
$90,000Great established restaurantCleveland, OH
Vitality Bowls
$75,000Vitality BowlsFeatured Franchise
Hummus Republic
$150,000Hummus RepublicFeatured Franchise
Established Steak House
$250,000Established Steak HouseMiddleburg Heights, OH
Jon Smith Subs
$100,000Jon Smith SubsFeatured Franchise
Wine Bar
$129,000Wine BarCleveland, OH
Chocolate Bash
$100,000Chocolate BashFeatured Franchise