CLEVELAND, Ohio
| Asking Price |
$190,000 |
Year Established |
2021 |
|
| Annual Revenue |
$689,139 |
Reason for Selling |
Owner has other businesses |
|
| Annual P/L |
$141,542 |
Attention |
|
|
| Annual Cash Flow |
$20,000 |
Listing Number |
1018671 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This is a rare chance to acquire a well-established Asian restaurant in the University Circle area of Cleveland, OH, known for its steady
influx of students, professionals, and visitors. The restaurant boasts over 4,000 square feet of dining space with seating for 70 guests,
a modern interior, and rent of only $5,500 per month—an excellent value for such a prime location.
The business currently offers seafood and fried chicken, but the spacious layout gives a new owner the flexibility to add additional
cuisines or concepts. The seller invested about $450,000 to build out the restaurant three years ago, creating a turnkey operation with
high-quality equipment and a strong dining environment.
With a stable team in place, this restaurant is positioned for growth. The business has not engaged in advertising, leaving a clear
opportunity for a new owner to attract more customers through promotion, social media, and delivery platforms. Proximity to a major
hospital also opens the door for catering services, while tailored menu options for students could expand its reach further.
A valuable liquor license is included and transferable, providing an additional revenue stream. The current owner is divesting due to
focus on other businesses, making this an excellent opportunity for a motivated operator.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity