Turnkey Neighborhood Bar & Restaurant- Established Willoughby Staple
Business Description
Established Downtown Willoughby Bar & Restaurant - Turnkey Neighborhood Staple
This well-established bar and restaurant represents a prime opportunity in downtown Willoughby's thriving hospitality district. Operating continuously for over a year with an established customer base and proven revenue history.
Business Highlights:
• Established customer base with strong local following
• Prime downtown Willoughby location in Lake County
• Turnkey operation ready for immediate transition
• Inventory included in sale
• Owner-occupied real estate valued at $1,200,000
• Seller financing available
Location & Market Position:
Strategically positioned in downtown Willoughby's vibrant entertainment district, the business benefits from excellent foot traffic and visibility. The surrounding area features a strong mix of cocktail bars and dining establishments, creating a destination atmosphere that attracts both locals and visitors. This competitive environment demonstrates the market's strength and consumer demand for quality hospitality venues.
Growth Potential:
The established foundation provides an excellent platform for an ambitious owner to increase revenue and market presence.
Owner Support:
The current owner is relocating and offers comprehensive post-sale support, including training and transition assistance to ensure continued success.
Financial Information:
Asking Price: $500,000
Real Estate Value: $1,200,000
Inventory: Included
Financing: Seller financing available
This represents an exceptional opportunity to acquire a profitable, established hospitality business in one of Lake County's most desirable markets.
This well-established bar and restaurant represents a prime opportunity in downtown Willoughby's thriving hospitality district. Operating continuously for over a year with an established customer base and proven revenue history.
Business Highlights:
• Established customer base with strong local following
• Prime downtown Willoughby location in Lake County
• Turnkey operation ready for immediate transition
• Inventory included in sale
• Owner-occupied real estate valued at $1,200,000
• Seller financing available
Location & Market Position:
Strategically positioned in downtown Willoughby's vibrant entertainment district, the business benefits from excellent foot traffic and visibility. The surrounding area features a strong mix of cocktail bars and dining establishments, creating a destination atmosphere that attracts both locals and visitors. This competitive environment demonstrates the market's strength and consumer demand for quality hospitality venues.
Growth Potential:
The established foundation provides an excellent platform for an ambitious owner to increase revenue and market presence.
Owner Support:
The current owner is relocating and offers comprehensive post-sale support, including training and transition assistance to ensure continued success.
Financial Information:
Asking Price: $500,000
Real Estate Value: $1,200,000
Inventory: Included
Financing: Seller financing available
This represents an exceptional opportunity to acquire a profitable, established hospitality business in one of Lake County's most desirable markets.
About the Business
- Currently Home Based
- Yes
- Facilities & Assets
- Downtown Willoughby established Bar and Restaurant. Low over head. High volume. The space features a well-designed bar area, dining room, kitchen, basement and more. With recent updates to both facility and equipment.
The kitchen is fully equipped and up to date with all current inspections, allowing for a seamless transition for new ownership. - Market Outlook / Competition
- Great location! Surrounded by a strong mix of cocktail bars, and dining establishments. The area has become a go-to destination for locals and visitors.
- Opportunities for Growth
- Strong opportunity for growth through marketing, events, and operational expansion.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Relocating
- Transition Support
- Owner support and training are available post-sale.
Listing Info
- ID
- 2490884
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2490884 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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