Draft House near Lake + Real Estate

West Cleveland, Ohio (Lorain)

  • Asking Price: $299,000
  • Gross Income: $493,088
  • Cash Flow: Not Disclosed
  • Real Estate: $350,000
  • Inventory: $18,000
  • FF&E: $85,000
  • Listing ID: #200133
  • Established: 2001
  • Employees: 12

Business Description

Sale of business and real estate includes a 4 bedroom home on the property.

Own a bar/draft house with no direct competition in the area. This business was originally started in 2001, has an excellent location with high visibility and is strategically situated in an area that people visit regularly to hang out with their friends. The 6,100-square-foot real estate can be leased long term or can be purchased. There is an opportunity to significantly expand the business.

The business is located in a west suburb of Cleveland and has experienced steady growth in the last couple of years. The business has a D-7 Liquor License that allows the sale of liquor on Sundays, and offers draft beer on tap, 60% alcohol, 40% food. With $13-$14 average ticket and 35% COGS, this business employs 2 full-time and 10 part-time employees.

The owners are relocating and retiring, and they are looking for a qualified person to take over the business.

If you have restaurant management experience, then this profitable business with a fun atmosphere is for you!

This is an established business, this is NOT a new franchise or start-up opportunity.

***Please look for an email titled "Morgan & Westfield –“Draft House near Lake + Real Estate” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***

Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Ohio
Metropolitan Area: West Cleveland
County: Lorain

Company Information

Year Established: 2001
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 12

Financial Information

Asking Price: $299,000
Gross Revenue: $493,088
FF&E: $85,000
Inventory: $18,000
Real Estate: $350,000
Seller Financing Available: Yes

Property Information

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Business Listed By:

Arthur Williams

Morgan & Westfield