(under letter of intent)
Successful Diner Business in Middle-Income area of W. Cleveland continues its growth after Impressive Performance during the Pandemic Years of 2020 and 2021 (Used Uber-Eats effectively to satisfy demand & as is shown has operated profitably.) Along with their sales, they have increased their gross margin by balancing their menu offerings.
Has Efficiently Designed Kitchen (upgraded in 2015)
Offering a Steady Business Opportunity for an Owner/Operator Seeking a Life-Style Business.
Preliminary Financial Highlights: Please see the attachment with Income-profit tabulation. Please note that owners use do no cash business resulting in better control.
Menu: Mostly made from fresh ingredients; breakfast items account for 80% of sales; offering attractive homemade deserts and other specialties.
Hours: 6:00 am to 5:00 pm Week-Days; 7:00-2:00 Weekends (weekends have high traffic). Longer hours could increase revenues.
Size; Seating Capacity; Parking: Occupies about 1,260 sf; About 35 Seats. Parking in front and plenty is available across the street.
Lease: Monthly rent at $1,650 NNN; first year of a 5-year option having started on 3/1/2023 and reaching $1,800/month in 2027.
Competition & Marketing Program: There are about 5 similar businesses in the area. Key competitive advantages of this business are Homemade offerings; social media outreach; special marketing programs for take-home and take-out to offices.
Reason for Sale: Retiring partners to pursue other interests.
Asking price: $200,000 plus inventory at cost at the time of closing.
