Lakeside Restaurant and Bar in Ashtabula County

Not Disclosed, OH
Ashtabula County

Asking Price: Annual Revenue:
$200,000 $1,121,960

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Lakeside Restaurant and Bar in Ashtabula County Broker: Bill White Jr.

Quick Facts

Asking Price: $200,000
Annual Revenue: $1,121,960
Net Profit: Not Disclosed
Cash Flow: $116,031
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 18
BBN Listing #: 69894955
Broker Reference #: 4301-16403

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Business Overview:

Lakeside Restaurant, Bar, and Banquet facility in Ashtabula county for sale with available building! Well known for serving great food and drink to tourists and locals alike, drawing considerable seasonal business from the lake and other local tourist attractions. Although the business has a full liquor license, including Sunday sales, the business is more of a family friendly restaurant serving sandwiches and salads to hungry boaters and campers during the day and comfort food such as pasta, prime rib, chicken, and fried fish diners in the evening. The business is located on a very heavily trafficked highway close to the nearby lake. During the off season, the business turns its attention to the locals, often cutting down on staffing, which at times has occurred naturally as the college aged help returns to school as tourism dwindles during the winter months. Because of its location & seasonality, the business is similar to many other classic American restaurants located in lake and beach communities, with locals and tourists creating a relaxed atmosphere that all agree is a great time! The building is available for an additional $250,000 through Beau Quest Realty.

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Property Features and Assets:

5,000 Square Feet plus basement, seating for up to 150 people. Property available through Beau Quest Realty for $250,000. Assets = $95,000.

Market Competition and Expansion:

Well established as one of the community's few quality restaurants. Location, atmosphere, and quality have made this business what it is. Growth is probable with proper staffing, special events, networking, as well as some additional marketing & advertising.

Reason for Selling:

Pre-Retirement Travel.

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.

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