SG 11275 Ohio Cleveland University Heights Seafood Restaurant

Asking Price$75,000

Cash Flow
$110,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$500,000

Inventory$5,000
Not included in asking price
FF&ENot Disclosed

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SG 11275 Ohio Cleveland University Heights Seafood Restaurant


Asking Price$75,000

Cash Flow
$110,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$500,000

Inventory$5,000
Not included in asking price
FF&ENot Disclosed

Business Description
$75,000 plus food inventory for the Ohio, Cleveland University Heights Seafood Restaurant Assets Only.  The restaurant is currently generating an average of $40,000 per month, with a 60% gross profit margin.  The seller is an absentee owner and relies on employees.  The seller is in the Pizza business and opening a new location.  Unable to run the seafood restaurant himself, he initially relied on a managing partner who never actually ran the business.  Seller paid $195,000 to set up the business.  A large 1,400 SF restaurant that comes with considerable potential.  Fully equipped.  Excellent reputation and a history of customer loyalty.  However, it can be converted to other types of food offerings.  Currently, the business is operating under absentee ownership.  Advertising would be a plus. A variety of Catering Options is available to increase sales and profitability.  A delivery service is in place, but it can improve significantly with proper marketing and advertising.  Visible location on a major road with lots of traffic in a residential and commercial area.  Middle-income residents and many surrounding businesses, including those affiliated with AAA, heavily populate the area.  There is considerable potential, and it remains a profitable operation, which could be even more profitable for the right owner, operator, or family.  Motivated absentee seller, willing to make the right deal with the right owner operator.  The seller will assist with financing.  Please "do not disturb employees" and call The Saleh Group at 614-500-8500 for more information and showings, or visit us online
About the Business
Facilities & Assets
1400 sq. ft. In a Major Shopping Plaza
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,400
Rent
$4,100.00 per month
About the Sale
Seller Motivation
The Seller cannot operate
Transition Support
2 weeks at no cost to buyer
Listing Info
ID
2440201
Listing Views
54

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

Listing ID: 2440201 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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