Northwest Ohio Country Restaurant & Bar with Re...

Northwest, OH


Asking Price: Annual Revenue:
$388,000 $359,929

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Northwest Ohio Country Restaurant & Bar with Re... Broker: Jeffrey Bury
Owner Financing is Available!

Quick Facts

Asking Price: $388,000
Annual Revenue: $359,929
Net Profit: Not Disclosed
Cash Flow: $62,581
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 12
BBN Listing #: 937538814
Broker Reference #: NORTHOH001-N366

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Business Overview:

A premier restaurant and bar with a multi-state destination point, draw of loyal patrons, clientele, parties and events in Northwest Ohio and Southeast Michigan with 70% of receipts from 15 to 70 miles away. Proven and validated for 30 years, modern cozy country restaurant bar seating 99, regionally eclectic due to its scratch kitchen, exceptional cuisine and friendly staff allowing owner to consider operating pseudo absentee. Lots of group events in the pipeline with gross sales of $359,929 and seller discretionary cash flow of $51,853 priced to sell at only $119,000 for the business with possible seller finance of up to 50% of purchase price if approved by Seller. Real Estate is also for sale for $269,000 consisting of 3 parcels, 12,180 SF restaurant space and lease to two prime commercial tenants whose annual rent is $10,728, when combined with the business cash flow, totals $62,581 for this classic, eclectic, heart of downtown brick structure. Real estate is listed through EMMCO Realty Group, Coldwell Banker Commercial. This country at heart restaurant bar is an ongoing success story with great history, visibility, reputation, strong financials and very loyal clientele from a two-state region. Catering, conference room, private events and parties, clean heath inspections in this 12-15 ft. cook line with fire system and exhaust fans, seating 99 with good functional equipment, huge cooler, 2 freezers, two ranges, and grill. Newer roof, HVAC, hot water tank, 3 full time, 9 part time, If you have been looking for a proven, well known, huge draw of loyal customers/followers in Northwest Ohio and Southeast Michigan with well-trained staff in an excellent buildout and the entire brick corner building with good rent from several commercial tenants that you can “Slap Your Name and Family Linage upon,” then check this out!

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Reason for Selling:

Retirement

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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