MergerPlace

Upscale Casual Restaurant - $1.1 Mil Sls

Cincinnati, Ohio (Hamilton)


  • Asking Price: $350,000
  • Gross Income: $1,190,000
  • Cash Flow: $161,000
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $500,000
  • Listing ID: #210892
  • Established: 2010
  • Employees: 25

Business Description

This 4,000 square foot eastside Cincinnati restaurant with seating for 150 is a relaxing, but lively place for all to eat. Taking a new restaurant to over $1.1 million in sales with over $150,000 in owner earnings in 8 years is no easy task, but the seller has accomplished this with class and much profitability. The seller takes immense pride in serving scratch made food while the restaurant’s steaks, fish, and chicken are always fresh, never frozen. All of the soups, sauces, and salad dressings are made in house. The restaurant is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

· Full liquor license
· SBA loan qualified
· 2018 sales 6% over 2017 sales
· Uses the latest in restaurant software
· Long term employees and managers in place
· Clean books and records – all numbers are verifiable
· Inventory between $10,000 - $20,000 included in the price
· Over $300,000 initial investment made to open is included in the price


Business Details

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

Company Information

Year Established: 2010
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 25

Financial Information

Asking Price: $350,000
Gross Revenue: $1,190,000
Cash Flow: $161,000
EBITDA: $161,000
FF&E: $500,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

This is a free-standing building that is 4,000 square feet with a customer capacity of 150. There are 90 parking spaces on about a 1-acre site. The kitchen itself is extremely clean and well-equipped.

Growth & expansion opportunities:

The restaurant is only open 5 days per week. Very little marketing has taken place – only a grassroots effort to date. Seller feels that sales would grow with an emphasis on social media marketing along with using some of the delivery services like UberEats.

Competition:

The seller overcomes the competitive nature of the restaurant industry by serving scratch made food along with having long term employees that love doing what they do.

Reason for selling:

The seller has health issues.

Support & Training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers