MergerPlace

Spanish Restaurant and Tapas Bar

Ohio (Cuyahoga)


  • Asking Price: $631,000
  • Gross Income: $1,108,013
  • Cash Flow: $253,942
  • Real Estate: Not Disclosed
  • Inventory: $12,000
  • FF&E: $31,388
  • Listing ID: #201435
  • Established: 2013
  • Employees: 5 FT/7 PT

Business Description

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.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Ohio
County: Cuyahoga

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 FT/7 PT

Financial Information

Asking Price: $631,000
Gross Revenue: $1,108,013
Cash Flow: $253,942
FF&E: $31,388
Inventory: $12,000
Seller Financing Available: No

Property Information

Facilities:

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.

Growth & expansion opportunities:

Expanded use of outside patio and continued local marketing.

Competition:

Minimal competition in the area for Spanish/Portuguese cuisine.

Reason for selling:

Pre-retirement.

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

Contact Business Seller

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Business Listed By:

Michael Carrozza

Murphy Business Brokers