Restaurant Priced to Sell

Contact Seller
Neighborhood establishment priced to sell.
Asking Price:
$375,000

Gross Revenue:
$1,596,975
Cash Flow:
$250,000
EBITDA:
$250,000
Inventory:
$5,000
included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

PRICED FOR A QUICK SALE
We are currently marketing an established and profitable turn-key restaurant for sale located about 30 minutes southeast of Cleveland. The store is part of a multi-location restaurant, and the new owner would be allowed to use the current name for a period of time and the menu can be kept indefinitely.

The sale comes with a beer, wine, and liquor license. Currently they serve moderately priced American cuisine for breakfast, lunch, and dinner; closing at 8PM.

The restaurant is located in the middle of town at the corner of two very heavily traveled roads. It is highly visible and has been there since 1993 and was profitable from the start. The who’s who of the town meet there for breakfast on a regular basis.

About the Business

Year Established:
1993
Number of Employees:
35
Facilities:
The restaurant is about 3,000 sq. ft. including the kitchen, storage, seats, and counter. There is a very large basement used for dry storage estimated to be around 4,000 sq. ft. Currently, the basement is good for storage only would need heavy remodeling to be used for customers.
Market Outlook/
Competition:
The area has several restaurant choices, but this one has the best reputation for breakfast and brunch with a great following for lunch and dinner.
Contact the Seller

About the Sale

Training/Support:
The current owner would support the new owner for a period of time to ensure a smooth handover and the success of the new owner.

Listing Info

ID:
1497229
Ad Detail Views:
79

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Michael Hoyle

Sunbelt Cleveland and Northeast Ohio

 Show Phone Number

View My Active Listings
U.S. Census Data for Cuyahoga County, OH
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cuyahoga County, OH
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.
;