NOT DISCLOSED, Ohio
| Asking Price |
$2,250,000 |
Year Established |
2010 |
|
| Annual Revenue |
$1,609,283 |
Reason for Selling |
Other Ventures |
|
| Annual P/L |
$0 |
Attention |
Gary Sardon |
|
| Annual Cash Flow |
$484,443 |
Listing Number |
990442 |
|
| # of Employees |
33 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
Proudly offered by Transworld Business Advisors of Cleveland-Metro / Akron / Canton, this beautiful Bar and Lounge with Entertainment plus an Outdoor Patio has produced steady and impressive growth for over 15 years, drawing in both locals and visitors alike. Discover a premier entertainment lounge with a captivating atmosphere and endless potential. Unlock the potential of a thriving nightlife destination! This stunning lounge and entertainment venue features.
Highlights:
Impressive and Reliable Revenues of 1.6 - 2+ million annually I SDE $480K - $900K+ annually
Prime Location: Situated in Cleveland’s hottest entertainment district
Stylish Ambiance: Elegant design with modern décor, perfect for both intimate gatherings and larger events
Established brand with strong social media presence and loyal customer base which includes local celebrities and professional athletes
Rare opportunity to own a high-performing, upscale nightlife destination with strong financials and major growth potential. *If you can see yourself owning this incredible opportunity, please contact Gary Sardon at 440-634-0747 or gsardon@tworld.com of TBA Metro Cleveland to learn more and start your journey toward ownership of this incredible business. Transworld Business Advisors Cleveland Metro / Akron / Canton
Property Features and Assets:
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Market Competition and Expansion:
<p>What makes this business different?<br>This Bar & Lounge operates within a dynamic competitive landscape characterized by its unique positioning and industry recognition. Distinctly approved by major sports leagues such as the NBA and NFL as an entertainment venue, the establishment not only leverages this approval for marketing purposes but also to attract a high-profile clientele that includes professional athletes and local celebrities. This endorsement serves as a significant competitive advantage, setting it apart from other venues in one of Cleveland'<br></p><p><br></p><p>The outlook for the Drinking Places (Alcoholic Beverages) industry, and specifically for this Bar & Lounge, is optimistic. Anticipated investments in Cleveland’s entertainment district signal potential for increased foot traffic and customer spending. Opportunities for growth include expanding the menu, hosting more events, and strategic marketing to further boost revenue. The leadership's commitment to remaining engaged during a transition period ensures continuity and the leveraging of growth opportunities.<br>This Bar & Lounge represents a well-establish<br></p>
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