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Multimillion Dollar Restaurant In Mahoning County For Sale

Mahoning County, Ohio, US
Asking Price:
$2,100,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,165,690
Cash Flow:
$794,869

Upscale full-service restaurant, tavern, and catering operation with over 80 employees and a reputation for excellence. The menu features steaks, chicken specialties, fresh seafood, gourmet pastas, salads, sandwiches, and starters with locally sourced, sustainable ingredients when possible. Nearly 6k square feet of leased space in a busy shopping center and room for over 200 people split into several dining areas including a full tavern.

During Covid, the restaurant developed a large carryout following that has bolstered this already successful establishment. The offering includes all furniture, equipment, décor, modern POS system, Catering van, and $60,000 of inventory. The business has over 10,000 followers on social media. The company has a general manager in place as well as several assistants and a number of experienced chefs. The new owner should be an executive level restaurant operator with the experience required to supervise a multi million-dollar restaurant operation.

Property Information

Real Estate:

Lease

Premises Details:

Nearly 6,000 Square Feet of leased space in a busy shopping center. Options available until April of 2029 and likely beyond.

Business Operation

Expansion Potential:

This is a mature restaurant with well-established sales and excellent profits over many years. Growth is possible by maintaining or increasing standards of service, food quality, proper staffing, and proper attention to consumer desires. The addition of 3rd party delivery services has just been rolled out in 2023 and is off to a great start. Growing to additional locations may be possible as well.

Competition / Market:

This Restaurant & Tavern has a fantastic location, a wonderful reputation and over 10,000 Social Media followers. Owners are not concerned about competition.

Reasons for selling:

Other Business Interests.

Trading hours:

M-Th 11:30am-10; Fri-Sat 11:30-11; Sun 12-8pm

Employees:
22 FT/61 PT
Years established:
22

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$1,050,000 down/$1,050,000 over 84 mos. @ 9%.

Furniture / Fixtures value:
$700,000 - included in the asking price
Inventory / Stock value:
$60,000 - included in the asking price