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Newly Renovated Tavern & Restaurant
Not Disclosed, OH
GEAUGA County
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| Asking Price: | Annual Revenue: |
| $244,000 | $997,126 |
Food & Beverage: Bars, Clubs, Nightspots
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RE: Newly Renovated Tavern & Restaurant
Contact: Bill White Jr.
Owner Financing is Available!
$122,000 down/$122,000 over 36 mos. @ 9%.
Quick Facts
| Asking Price: | $244,000 | |
| Annual Revenue: | $997,126 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $189,454 | |
| 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:
The tavern, along with its beautifully renovated building, offers an unbeatable combination of modern aesthetics, a fresh menu, and a dedicated team, making it the talk of the town since its grand reopening in April 2021. Under new ownership, the tavern has undergone a comprehensive transformation. The building itself has undergone extensive renovations, resulting in a stunning space that exudes warmth and charm. The interior has been outfitted with top-of-the-line equipment, stylish furniture, and captivating décor, creating an inviting ambiance that guests simply adore. The tavern has been designed for success, featuring over 100 seats, a charming patio area, and a well-equipped bar accommodating 25 patrons. With a fresh new name and an innovative menu, the tavern is capturing the attention of both locals and visitors alike. The business has quickly become a popular destination for those seeking a delightful dining experience paired with ice-cold beers and expertly crafted mixed drinks. The establishment has already cultivated a loyal customer base, boasting a healthy mix of regulars and new patrons eager to savor the restaurant's fresh and high-quality offerings. The business is led by a highly experienced manager supported by a team of 15 employees. The business includes all needed liquor licenses to operate daily until 2:30am. The newly renovated building is available for purchase separately, including a tenant-occupied apartment on the upper level, offering potential for additional income.
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Property Features and Assets:
Recently upgraded building with rented upstairs apartment available for additional cost through real estate broker. 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 Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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