MergerPlace

Eastside Full Service Restaurant

Cincinnati, Ohio (Hamilton)


  • Asking Price: $390,000
  • Gross Income: $862,000
  • Cash Flow: $145,000
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $15,000
  • Listing ID: #204082
  • Established: 1992
  • Employees: 12

Business Description

Established over 25 years ago by the current retirement aged owner, this is a full - service dining, catering, and carryout restaurant. The most recent three year average sales are $862,000 producing average owner’s earnings of $145,000. This restaurant is known for serving a wide variety of dinners, sandwiches, soups, and salads. In addition, they also offer delivery and full - service catering for company picnics, weddings, and parties. The restaurant is offered as an asset purchase free and clear of debt. Other highlights include:

Excellent staff
SBA loan qualified
Clean books and records
Superb high - quality location
Independent – not a franchise
Great customer loyalty program
Serves breakfast, lunch, and dinner
Consistent history of sales & profits


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12

Financial Information

Asking Price: $390,000
Gross Revenue: $862,000
Cash Flow: $145,000
EBITDA: $145,000
FF&E: $15,000
Inventory: $3,000
Seller Financing Available: Yes

Property Information

Facilities:

The restaurant is located in a very popular and well - travelled area on the east side of Cincinnati. It is attractively decorated and well – maintained. A considerable amount of the restaurant equipment has been recently purchased.

Growth & expansion opportunities:

Catering is the largest growth area where a buyer could move the business forward. Catering includes picnics, parties, weddings, and holiday celebrations. Increased marketing on social media websites could also drive sales.

Competition:

The restaurant is well – positioned as a place where one can take the family and not break the bank. Because of this, its popularity is ever increasing and has become a destination for many.

Reason for selling:

The seller is of retirement age.

Support & Training:

The seller will stay on as long as necessary to ensure the comfort level of the buyer.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers