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Ohio Cleveland Seafood Restaurant Opportunity For Sale

Cuyahoga County, Ohio, US
Asking Price:
$100,000
Sales Revenue:
$480,000
Cash Flow:
$150,000

$100,000 (or best offer) plus food inventory for the Ohio Cleveland Seafood Restaurant Business Only. Property can be purchased for an additional $450,000. Seller is willing to finance the business and property with a 40% down payment. SELLER IS MOTIVATED AND WILLING TO FINANCE THE BUSINESS AS WELL. The restaurant is currently producing an average of $40,000 per month. The seller is retiring. Business used to do much more than current sales. Same ownership for the past 29 years. A 1,600 SF restaurant that comes with considerable potential. Fully equipped. Excellent reputation and a history of customer loyalty. Can be converted into other types of businesses, such as a gas station, convenience store, drive-thru, tire shop, smoke shop, or clothing store. Advertising would be a plus. A variety of Catering Options is available to increase sales and profitability. A delivery service is a plus, but it can improve significantly with proper marketing and advertising. Located on a very busy street with over 20,000 cars passing. Middle-income residents and many surrounding businesses, including those affiliated with AAA, heavily populate the area. Takes you straight to downtown Cleveland and Beachwood. 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. For more information and showings, visit us online.

Property Information

Real Estate:

Lease

Leasehold Rent:

$42,000 per annum

Premises Details:

1600 sf standalone building with lots of parking

Size in square feet:
1,600

Business Operation

Reasons for selling:

Retiring

Other Information

Support & training:

2 weeks at no cost to the buyer

Inventory / Stock value:
$3,000