Business For Sale

Profitable Restaurant-Bar & Investment Property

Cleveland, OH
Cuyahoga County

Cleveland Near-West Side


Asking Price: Annual Revenue:
$1,335,000 $1,148,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Restaurant-Bar & Investment Property Broker: Rick Gardner

Quick Facts

Asking Price: $1,335,000
Annual Revenue: $1,148,000
Net Profit: $88,280
Cash Flow: $160,510
Total Debt: Not Disclosed
FF&E: $36,000
Real Estate: $799,000
Year Established: 1930s
Employees: Not Disclosed
BBN Listing #: 580056355
Broker Reference #: Not Disclosed

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Business Overview:

Restaurant and real estate (package deal), with additional residential income, packaged together for an exciting and sustainable entrepreneurial opportunity. Nostalgia and rich history in an unbeatable location. Location in business for 80 years, representing a true Cleveland experience. Currently a well branded, independent, turn-key operation consistently receiving widespread local and national media coverage. Finished 2017 with highest profits in its history. Full service bar/dining, patio, full D-5 and D-6 liquor license, properly zoned for live entertainment, patio and occupancy. Located in a an established and robust neighborhood with ongoing economical investment and committed development projects. Known for from scratch cooking with ethnic features, an active bar scene and various monthly and annual event. A timely and distinct opportunity to purchase unmatched authenticity, balanced with existing profit and viable growth.

2017 sales: food - 57%, beer - 18%, wine 6%, liquor 19%, with average customer check of over $42. Trend has been toward higher food sales. Business hosts numerous local events as well.

Non-Disclosure must be filled out completely and signed for any inquiries. Strictest confidentiality will be required. Contact Rick Gardner or email us.

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Property Features and Assets:

See Description of Business.

Market Competition and Expansion:

See Description of Business.

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.

Documents:

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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