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Profitable Spanish Restaurant And Tapas Bar For Sale

Cuyahoga County, Ohio
Asking Price:
$631,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,108,013
Cash Flow:
$253,942

This authentic Spanish/Portuguese restaurant has a Full-Bar and Outside Patio. The Owner is expanding the outside area to include a bar and entertainment area. The restaurant is located in a suburb with strong demographics and has been profitable out of the gates with strong revenue and profit growth.

Property information

Real Estate:

Lease

Premises Details:

The Restaurant is located in a free standing building on a corner lot with excellent exposure and plenty of parking. This location has plenty of drive-by traffic and close to highway access.

Business Operation

Expansion Potential:

Expanded use of outside patio and continued local marketing.

Competition / Market:

Minimal competition in the area for Spanish/Portuguese cuisine.

Reasons for selling:

Pre-retirement.

Trading hours:

Sun-Thurs 11am-11pm; Fri-Sat 11am-12am

Employees:
5 FT/7 PT
Years established:
4

Other Information

Support & training:

Will train for 8 weeks @ no cost.
The Restaurant specializes in an upscale Spanish and Portuguese cuisine, has a full bar and outside dining area. Full Liquor License - D1, D2, D3, D3A, D6

Financing available:

Lender pre-screened w/ $126,200 down.

Furniture / Fixtures value:
$31,388 - included in the asking price
Inventory / Stock value:
$12,000 - included in the asking price
Relocatable:
This business can be relocated.

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