Landmark Deli, Restaurant, and Catering Opp.

Not Disclosed, OH
Cuyahoga County


Asking Price: Annual Revenue:
$394,500 $325,000

Food & Beverage: Catering, Food Preparation


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RE: Landmark Deli, Restaurant, and Catering Opp. Broker: Reiner Mueller

Quick Facts

Asking Price: $394,500
Annual Revenue: $325,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1964
Employees: 6
BBN Listing #: 604758597
Broker Reference #: 67201-612780

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Business Overview:

A local well-known, well-established deli and restaurant with liquor license that features house made quality foods for eat-in, carry-out, delivery, and catering in a prime location is priced to sell FAST! This deli has been servicing downtown Cleveland for 59 years with lunch, dinner, and a full bar. This respected establishment is widely known for quality foods and generous portions. Their clean and well-taken care of dining room has been recently updated with high end fixtures and is available for rental for all occasions. The location is convenient for the downtown business district, the Rock and Roll Hall of Fame and Museum, the Great Lakes Science Center, First Energy (Browns) Stadium, and the industrial corridor. Recent trends have seen a surge in catering and food delivery, especially with its proximity to I-90. The business is fully staffed and ready for a new owner who is looking for a turn-key opportunity to step in and take over. Current ownership has been in place for 30 years and wish to retire. Purchase price includes D1, D2, & D3 Liquor license and $150,000 in high end equipment, furniture, fixtures and leasehold improvements, all very well maintained and in excellent working condition.

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Reason for Selling:

Retirement

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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