Cocktail Lounge, Neighborhood Bar & Restaurant

Not Disclosed, OH
Summit County

Asking Price: Annual Revenue:
$584,000 $688,155

Food & Beverage: Bars, Clubs, Nightspots

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RE: Cocktail Lounge, Neighborhood Bar & Restaurant Broker: Bill White JR

Quick Facts

Asking Price: $584,000
Annual Revenue: $688,155
Net Profit: Not Disclosed
Cash Flow: $209,834
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 8
BBN Listing #: 83644955
Broker Reference #: 4301-15398

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Business Overview:

Classy cocktail lounge, neighborhood bar & restaurant. After 20 successful years in this high traffic Summit county location the owner has decided it is time to pass this profitable business on to the next generation. No one would accuse this award-winning speakeasy style tavern of being a shot and a beer bar! The business specializes in craft beer with more than 16 taps and signature cocktails, as well as a menu of small plates, appetizers, sandwiches, salads and gourmet desserts! Very simple kitchen to manage considering the quality of the food. Best patio in town! Safe secure location in a nice community with ample parking and walk by traffic. This establishment is well known for its charm and ambiance and is well respected in the community. This business was shut down for about 2 months for the state mandated shelter at home order and has now re-opened expecting a quick and complete recovery! This business has a variety of financing options. Interest rates are at an all-time low and lenders are offering 6 months of discounted payments to qualified buyers. Although a buyer may wish to utilize bank financing, the seller has agreed to consider seller financing for a well-qualified buyer.

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Property Features and Assets:

Located on a busy street with ample parking and walking traffic. Manageable 2,500 Square Feet of leased space. Great Patio! Assets-$154,500.

Market Competition and Expansion:

Growing business!

Reason for Selling:


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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