Profitable restaurant & bar in great location with loyal clientele

Business Details

Price: $575,000

Gross Revenue: $741,000

EBITDA: N/A

SDE: N/A

Real Estate: $290,000 (Not included in asking price)

Years in Business: 17

Transition: Retirement

Owner Financing: N/A

SBA Eligible: N/A

Highly successful Restaurant/Bar in very heavily traveled destination city in Summit County. Owners looking to retire but willing to help with transition. Current Management & staff to stay on & all equipment included. Indoor Seating for 68/Outdoor Patio- 36. 16 Years of profitable business. Substantial investments in the building including new roof, parking lot and kitchen equipment. Real Estate included in the deal. Experienced management team in place requiring minor management responsibilities. Average ticket at dinner is approximately $18-25.

Location: Summit County, OH
Inventory: Included in asking price
Real Estate: Owned (Not included in asking price)
Employees: 15
Facilities: Approximately 1,712 sf restaurant& bar with full basement, well maintained with new roof, parking lot, septic system, and substantial investment in the kitchen. Ample parking and well located on busy street. Wonderfully served by strong local demographics. Indoor seating for 36, outdoor seasonal seating for another 68.
Competition: There is limited competition in this neighborhood.
Growth & Expansion: Restaurant is not open Sundays. A new owner should offer breakfasts on Saturday and Sunday.
Financing: Seller financing available with substantial down payment
Support & Training: Management willing to stay on for transition.
Reason for Selling: Retirement

Contact:

John Lubinski

330.958.7291

JohnLubinski@HannaCRE.com

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