Owner Financing is Available
Business for Sale Overview:
RESTAURANT: PRICE REDUCTION – OWNER ANXIOUS: The price for this Bar & Grill and the accompanying real estate has been reduced!! Owner must sell because of a career change and likely relocation soon! Will look at any serious offer, and is willing to finance a major portion of the entire purchase! This bar and grille is located in Northern Ohio near Erie County. In operation at this location for almost half a century, the entire business, building and premises have been completely renovated – in fact everything in the business is new! The menu includes appetizers, pizza, dinners, baskets, wings, hot sandwiches, burgers and daily specials. Beer, wine and liquor is available for carryout and consumption on premises until 2:30 am, and includes Sunday beer sales. As the only establishment of its kind in the area, its interior includes a large bar area on one side, a larger room with dining tables, pool tables and dart boards, and an outside patio area approved for dining and drinking. Fridays and Saturdays are especially busy. They open every day at 11:00 am, and remain open until midnight to 2:30 am depending on the night. A buyer could purchase the business only for $69,000 and then rent the 2,600 square foot space for just $1,000 per month. Or, a buyer could purchase the real estate also. The building includes two other apartment rental units currently generating over $850 in monthly rental income, bringing the total rental income to the owner for all three units to $1,850 per month, well above any ownership costs! Be your own boss, set your own hours, and enjoy positive monthly rental income while building equity – all by owning this full renovated easy – to – run business and property. Located in a busy Ohio city.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Real Estate: $160,000 Included in asking price.
Lease Amount: $1,000 per month
Furniture, Fixtures and Equipment: $62,100 Included in asking price.
Inventory: $4,300 Included in asking price.
Reason for Selling:
Other interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.