SG 11145 Ohio Cleveland Upscale Restaurant and Lounge

Asking Price$400,000

Cash Flow
$450,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,500,000

Inventory$40,000
Not included in asking price
FF&ENot Disclosed

listing imageSave

SG 11145 Ohio Cleveland Upscale Restaurant and Lounge


Asking Price$400,000

Cash Flow
$450,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,500,000

Inventory$40,000
Not included in asking price
FF&ENot Disclosed

Business Description
$400,000 Plus Food Inventory for Ohio Cleveland Upscale Restaurant and Lounge.   Over $1,500,000 in yearly food and Liquor sales. Profitable operation. Higher margins of profit. Seller retiring after 35 years in the restaurant business. 2400 SF restaurant main area, 2400 SF Patio, and 1200 SF upstairs dining area. Newly remodeled and suited for events and parties. Excellent reputation with lots of loyal customers. Great atmosphere with both indoor as well as patio seating. 225 customer seating capacity. Well equipped. Currently operating from 3:00 to 11:00 pm and open till 2:00 am weekends. Increasing business hours would invite heavy lunch. Surrounded by commercial and residential rooftops in an upscale, heavily populated.  Utilizing Internet ordering will increase business and catering. Lots of potential for the right family or an owner-operator. Willing to make the right deal with the right down payment. Please "do not disturb the employees". Please call REMAX Preferred Group, Presented by The Saleh Group for more information and showings, visit us online.
About the Business
Facilities & Assets
6,000 sq. ft. Restaurant including patio and upstairs with 225 Seating Capacity.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,000
Rent
Not Disclosed
About the Sale
Seller Motivation
Retiring after 35 years in the Restaurant Business
Transition Support
2 weeks at no cost to the buyer
Listing Info
ID
2403305
Listing Views
156

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Nidal Saleh The Saleh Group RE/MAX Preferred Group

Listing ID: 2403305 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.


Similar Listings
Under Contract
$375,000Under ContractCuyahoga County, OH
High Demand Fast Casual Eatery
$609,900High Demand Fast Casual EateryMassachusetts
Aroma Joe's
$250,000Aroma Joe'sFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Downtown City Center Lounge
$350,000Downtown City Center LoungeCuyahoga County, OH
Teriyaki Madness
$200,000Teriyaki MadnessFeatured Franchise
Iconic Bar/Restaurant/Venue
$350,000Iconic Bar/Restaurant/VenueCuyahoga County, OH
The Great Greek Mediterranean Grill
$225,000The Great Greek Mediterranean GrillFeatured Franchise
Under Contract
$375,000Under ContractCuyahoga County, OH
High Demand Fast Casual Eatery
$609,900High Demand Fast Casual EateryMassachusetts
Aroma Joe's
$250,000Aroma Joe'sFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise