Well Situated 14,000 S.F. Event Center along with Grill & bar for Sale by Owner/Operators who are Retiring. Also suitable for Conversion to a Social Development Center.
Situated at a well travelled 4-lane road of East Side Cleveland with average traffic count of about 10,000 vehicles per day (mid-point estimate based on traffic counts of OH Department of Transportation counts). SEATING CAPACITY: Party room with 150 Seats and its own bar; a private party room and a second bar outside along with citing area, a well-equipped kitchen. and 35 seats in the Bar & Grill area. ELEMENTS OF VALUE: Well-situated at a corner lot, in an area that is undergoing upgrading by cu regional county initiative. Occupies about 14,000 sf land and has an additional parking lot. LIQUOR LICENSE: The business has C5-C6 liquor license and it will be
transferred as part of the business sale in due time. ASKING PRICE: $700,000 for the two properties, the on-going business. Additionally the value of inventory at the closing of the transaction will be added to price. The business part of the value is based on internal financials statements and after be annualized to reflect that the business is being currently operation for less than seven days per week by its owners. Tax Returns will be disclosed to seriously interested Buyers.
The Sellers would will make themselves available for a mutually agreed time and terms with the Buyer to help the buyer in transferring the business.