Established Neighborhood Tavern
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ESTABLISHED NEIGHBORHOOD TAVERN - 7 YEARS & GOING STRONG
This traditional American-style tavern represents an exceptional opportunity in the heart of Geauga County's affluent market. Operating successfully since 2019, this well-established business has built a loyal customer base while generating $390,000 in annual revenue with $49,000 in seller's discretionary earnings.
BUSINESS HIGHLIGHTS:
• Prime location in Newbury, OH serving Geauga County's wealthier demographic
• Turnkey operation with established customer base and revenue history
• Significant growth potential through expanded food service offerings
• Under-utilized kitchen presents immediate revenue enhancement opportunity
• Spacious 3,900 sq ft facility with room for expansion next door
• Strong market presence in competitive but thriving local tavern scene
FINANCIAL OVERVIEW:
• Annual Revenue: $390,000
• Cash Flow (SDE): $49,000
• FF&E Value: $50,000
• Inventory: $4,500 (included in asking price)
• Monthly Lease: $2,575 (expires December 2027)
GROWTH OPPORTUNITIES:
The current owner identifies substantial untapped potential, noting the tavern could easily double its revenue with proper food and beverage optimization. The kitchen facility remains significantly under-utilized, creating an immediate opportunity to fill a market void in the area. This presents an ideal scenario for an owner-operator willing to invest time and effort in maximizing the business's earning potential.
LOCATION ADVANTAGES:
Situated in Geauga County's semi-rural to rural market, the tavern benefits from serving an affluent customer base. While competition exists in the area, it has elevated service standards across all establishments, creating a robust and sustainable market environment.
The retiring owner offers flexible post-sale support up to 45 days on-site, with ongoing availability as needed. This represents an excellent opportunity for an experienced operator or investor with trained staff to acquire a profitable, established business with significant upside potential in a desirable Ohio market.
This traditional American-style tavern represents an exceptional opportunity in the heart of Geauga County's affluent market. Operating successfully since 2019, this well-established business has built a loyal customer base while generating $390,000 in annual revenue with $49,000 in seller's discretionary earnings.
BUSINESS HIGHLIGHTS:
• Prime location in Newbury, OH serving Geauga County's wealthier demographic
• Turnkey operation with established customer base and revenue history
• Significant growth potential through expanded food service offerings
• Under-utilized kitchen presents immediate revenue enhancement opportunity
• Spacious 3,900 sq ft facility with room for expansion next door
• Strong market presence in competitive but thriving local tavern scene
FINANCIAL OVERVIEW:
• Annual Revenue: $390,000
• Cash Flow (SDE): $49,000
• FF&E Value: $50,000
• Inventory: $4,500 (included in asking price)
• Monthly Lease: $2,575 (expires December 2027)
GROWTH OPPORTUNITIES:
The current owner identifies substantial untapped potential, noting the tavern could easily double its revenue with proper food and beverage optimization. The kitchen facility remains significantly under-utilized, creating an immediate opportunity to fill a market void in the area. This presents an ideal scenario for an owner-operator willing to invest time and effort in maximizing the business's earning potential.
LOCATION ADVANTAGES:
Situated in Geauga County's semi-rural to rural market, the tavern benefits from serving an affluent customer base. While competition exists in the area, it has elevated service standards across all establishments, creating a robust and sustainable market environment.
The retiring owner offers flexible post-sale support up to 45 days on-site, with ongoing availability as needed. This represents an excellent opportunity for an experienced operator or investor with trained staff to acquire a profitable, established business with significant upside potential in a desirable Ohio market.
About the Business
- Years in Operation
- 7
- Employees
- 6 (1 Full-time, 3 Part-time, 2 Contractors)
- Facilities & Assets
- In the 7-years we've been open, the Tavern has established itself as a welcome fixture in the community. We have a D-5 Liquor License that includes Sundays now. Our kitchen is ready for more of a "full service" operation but we have stuck to mainly bar food with frequent specials. Also, the dining area can be much better utilized but we currently have two pool tables (although we do have all of the tables and chairs for it that will be included of course).
One important note: The lease ends in 18 months but the landlord is looking forward to renewing with either us or someone new. It's a great lease arrangement. There won't be any issues. - Market Outlook / Competition
- There is plenty of competition in the area but that has really made everyone do a better job. The market ranges from "rural" to semi-rural with the area villages and townships. Geauga County is on the wealthier side.
- Opportunities for Growth
- This is key: The Tavern could easily double its revenue with the right mix of food and beverage. This is an ideal setting for an "owner/operator" because it takes time and effort to maximize earnings (we haven't provided all we can for some time now).
The kitchen is totally under-utilized but there's a void in the area that can be filled easily enough with new ownership. There's plenty of room in the space next door for expansion if that was desired.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,900
- Rent
- $2,575.00 per month
- Lease Expiration
- 12/1/2027
About the Sale
- Seller Motivation
- Retiring.
- Transition Support
- Prospective buyers each have their own needs when it comes to support and training. We're open to a variety of support options probably limited to no more than 45 days on-site but we would always make ourselves available.
Listing Info
- ID
- 2524209
- Listing Views
Business Location
Listing ID: 2524209 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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