Upscale Casual Restaurant - $1,100,000 Sales

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Exceptionally operated
Asking Price:
$295,000

Gross Revenue:
$1,190,000
Cash Flow:
$161,000
EBITDA:
$161,000
Inventory:
$15,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Upscale Casual Restaurant
This 4,000 square foot eastside Cincinnati restaurant with seating for 150 is a relaxing, but lively place for all to eat. Taking a new restaurant to over $1.1 million in sales with over $150,000 in owner earnings in 8 years is no easy task, but the seller has accomplished this with class and much profitability. The seller takes immense pride in serving scratch made food while the restaurant’s steaks, fish, and chicken are always fresh, never frozen. All of the soups, sauces, and salad dressings are made in house. The restaurant is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

· Full liquor license
· SBA loan qualified
· 2018 sales 6% over 2017 sales
· Uses the latest in restaurant software
· Long term employees and managers in place
· Clean books and records - all numbers are verifiable
· Inventory between $10,000 - $20,000 included in the price
· Over $300,000 initial investment made to open is included in the price

About the Business

Location:
Cincinnati, Ohio
Year Established:
2010
Number of Employees:
25
Real Estate:
Leased
Building Sq. Ft.:
4,000
Facilities:
This is a free-standing building that is 4,000 square feet with a customer capacity of 150. There are 90 parking spaces on about a 1-acre site. The kitchen itself is extremely clean and well-equipped.
Market Outlook/
Competition:
The seller overcomes the competitive nature of the restaurant industry by serving scratch made food along with having long term employees that love doing what they do.
Growth & Expansion:
The restaurant is only open 5 days per week. Very little marketing has taken place – only a grassroots effort to date. Seller feels that sales would grow with an emphasis on social media marketing along with using some of the delivery services like UberEats.
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About the Sale

Reason For Selling:
The seller has health issues.
Training/Support:
The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Listing Info

ID:
1576100
Ad Detail Views:
0

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Business Listed by

Dan Long

Cincinnati Business Brokers

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