SG 11684 Ohio Cleveland Northeast Upscale Restaurant and Lounge

Asking Price$325,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,500,000

Inventory$40,000
Not included in asking price
FF&ENot Disclosed

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SG 11684 Ohio Cleveland Northeast Upscale Restaurant and Lounge


Asking Price$325,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,500,000

Inventory$40,000
Not included in asking price
FF&ENot Disclosed

Business Description
$325,000 Plus Food Inventory for the Ohio, Cleveland, Euclid Restaurant and Lounge.   Over $1,500,000 in yearly food and Liquor sales.  Profitable operation.  Higher margins of profit.  Seller is retiring after 35 years in the restaurant business.  2400 SF restaurant main area, 2400 SF Patio, and 1200 SF upstairs dining area.  Newly remodeled and suited for events and parties.  Excellent reputation with lots of loyal customers. Great atmosphere with both indoor and patio seating.  225 customer seating capacity.  Well equipped.  Currently operating from 3:00 to 11:00 pm and open till 2:00 am on weekends.  Increasing business hours would invite heavy lunch.  Surrounded by commercial and residential rooftops in an upscale, heavily populated area.  Utilizing Internet ordering will increase business and catering.  Lots of potential for the right family or an owner-operator.  Willing to make the right deal with the right down payment.  Please “do not disturb the employees”.  Please call The Saleh Group (REMAX Preferred Group). For more information and showings, visit us online 
About the Business
Facilities & Assets
 2400 SF restaurant main area, 2400 SF Patio, and 1200 SF upstairs dining area.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,000
Rent
$4,000.00 per month
About the Sale
Seller Motivation
Downsizing and Retiring
Transition Support
2 weeks at no cost to buyer
Listing Info
ID
2523164
Listing Views

Contact Seller

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Business Listed by: Nidal Saleh The Saleh Group RE/MAX Preferred Group

Listing ID: 2523164 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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