$350,000 Plus Food Inventory for the Ohio, Cleveland, Euclid Restaurant and Lounge. Over $1,500,000 in yearly food and Liquor sales. Profitable operation. Higher margins of profit. Seller is 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 and patio seating. 225 customer seating capacity. Well equipped. Currently operating from 3:00 to 11:00 pm and open till 2:00 am on weekends. Increasing business hours would invite heavy lunch. Surrounded by commercial and residential rooftops in an upscale, heavily populated area. 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.
- Asking Price:
- $350,000
- Sales Revenue:
- $1,500,000
- Cash Flow:
- $360,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$48,000 per annum
- Premises Details:
-
6,000 sq. ft. Restaurant, including patio and upstairs, with 225 Seating Capacity.
- Size in square feet:
- 6,000
Business Operation
- Reasons for selling:
-
Retiring after 35 years in the Restaurant Business
Other Information
- Support & training:
-
2 weeks at no cost to the buyer
- Inventory / Stock value:
- $40,000
