Newly Renovated Tavern & Restaurant - Growing Fast

Not Disclosed, OH
Geauga County

Asking Price: Annual Revenue:
$249,000 $830,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Newly Renovated Tavern & Restaurant - Growing Fast Broker: Bill White Jr.
Owner Financing is Available!
$124,500 down/$124,500 over 36 mos. @ 7%.

Quick Facts

Asking Price: $249,000
Annual Revenue: $830,000
Net Profit: Not Disclosed
Cash Flow: $143,060
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2021
Employees: 15
BBN Listing #: 36294955
Broker Reference #: 4301-17029

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Business Overview:

Newly Renovated Tavern & Restaurant For Sale, & Growing Fast!

This Tavern and the building it is housed in has been recently purchased, renovated and refreshed with brand new equipment, furniture, and décor. Armed with a new name, a fresh new menu, and a strong crew of 15 people including a very experienced manager, the business opened in April of 2021. Financially speaking it is clear that this location will be a financial success and is now the talk of the town bringing in new customers including plenty of “regulars” for fresh quality food, ice-cold beer, and mixed drinks. What the new owner could not have anticipated was that his primary business outside of the restaurant and bar industry would grow so quickly over the last few years that it now requires far more of his time and focus. The decision has been made to sell this newly rekindled business. The business includes a full set of liquor licenses allowing sales 7 days a week as late as 2:30am. The newly renovated building is also available for an additional $300,000 through Beau Quest Realty and includes an upstairs apartment with tenant. With over 100 seats, a patio, and a bar that seats 25, this business has been designed for success. Business includes an estimated $13,000 of inventory.

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Property Features and Assets:

Recently upgraded building with rented upstairs apartment available for $300,000 through Beau Quest Realty LLC. Over 100 seats, 25 at the bar, and beautiful patio. Assets = $163,000

Market Competition and Expansion:

Small town with only a few competitors. This neighborhood bar & grill is just getting started!

Reason for Selling:

Other Business Interests.

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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