Very Profitable Dual Concept Operation

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Asking Price:
$650,000

Gross Revenue:
$1,500,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

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

Real Estate:
$900,000
not included in asking price

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Business Description

This business has developed two very unique brands to the Columbus market. They recently opened their second location next to the original restaurant and connected them internally. Both concepts are on fire and continue to see strong growth. There is a veteran management team in place and the businesses are fully staffed. This is a fantastic opportunity for someone to take over the reigns from an absentee owner and continue to drive the operation to it's full potential.

Acquisition of the restaurant concepts will include new leases on the space or an option to purchase the real estate.

This is a very confidential sale, so interested parties will be required to execute a Confidentiality Agreement and provide Proof of Financials.

About the Business

Location:
Columbus, Ohio
Year Established:
2015
Number of Employees:
22
Real Estate:
Owned
Building Sq. Ft.:
3,856
Facilities:
Two separate spaces side by side and connected internally for ease of operation and the capability to manage them independently. The concepts each have quaint dining rooms with seating up to 40 people, beautiful bars, and separate kitchens. Both kitchens have hoods and cold storage for product handling. There is a great patio in front of one of the concepts making this a prime hangout for the locals.
Market Outlook/
Competition:
These are very desirable concepts in a market that supports boutique operations. There are other concepts in the market that support the independent style brands and continue to drive large volumes of visitors into the area.
Growth & Expansion:
Lots of opportunity to develop additional hours of operation, catering, and off-site delivery.
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About the Sale

Reason For Selling:
Owner is out of state.
Training/Support:
Owner will provide back of house training. There is a management team in place that can be retained to continue a seamless transition in operations and guest experience.
Seller Financing:
With qualified buyer

Listing Info

ID:
1622062
Ad Detail Views:
0

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Business Listed by

Brett Post

3CRE Advisors
License# 2014000355

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