MergerPlace

Cocktail Lounge, Neighborhood Bar

Ohio


  • Asking Price: $584,000
  • Gross Income: $688,155
  • Cash Flow: $209,834
  • Real Estate: Not Disclosed
  • Inventory: $4,500
  • FF&E: $150,000
  • Listing ID: #217953
  • Established: 2002
  • Employees: 2 FT/6 PT

Business Description

Classy cocktail lounge, neighborhood bar & restaurant. After 20 successful years in this high traffic Summit county location the owner has decided it is time to pass this profitable business on to the next generation. No one would accuse this award-winning speakeasy style tavern of being a shot and a beer bar! The business specializes in craft beer with more than 16 taps and signature cocktails, as well as a menu of small plates, appetizers, sandwiches, salads and gourmet desserts! Very simple kitchen to manage considering the quality of the food. Best patio in town! Safe secure location in a nice community with ample parking and walk by traffic. This establishment is well known for its charm and ambiance and is well respected in the community. This business was shut down for about 2 months for the state mandated shelter at home order and has now re-opened expecting a quick and complete recovery! This business has a variety of financing options. Interest rates are at an all-time low and lenders are offering 6 months of discounted payments to qualified buyers. Although a buyer may wish to utilize bank financing, the seller has agreed to consider seller financing for a well-qualified buyer.


Business Details

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

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/6 PT

Financial Information

Asking Price: $584,000
Gross Revenue: $688,155
Cash Flow: $209,834
FF&E: $150,000
Inventory: $4,500
Seller Financing Available: No

Property Information

Facilities:

Located on a busy street with ample parking and walking traffic. Manageable 2,500 SF of leased space. Great Patio!

Growth & expansion opportunities:

Growing business!

Reason for selling:

Retirement.

Support & Training:

Will train for 8 weeks @ no cost. Includes D5 and D6 Full liquor licenses.

Contact Business Seller

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Business Listed By:

Bill White

Murphy Business Brokers