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Multimillion Dollar Restaurant with Reputation for Excellence for sale in Mahoning County, OH

Mahoning County, Ohio (OH)

Asking Price: Gross: Cash Flow:
$ 1,825,000 $ 3,952,481 $ 780,680

Furniture and Fixtures Value:
$ 700,000 (included in the asking price)

Inventory Value:
$ 60,000 (included in the asking price)

Real Estate:
(not included in the asking price)

Business Summary:
Guests LOVE to indulge in this delightfully upscale full-service restaurant, tavern, and catering operation, where excellence is not just a reputation but a way of life. Boasting a dedicated team of over 80 culinary professionals, this exceptional eatery offers an experience like no other. The meticulously crafted menu showcases a symphony of flavors, featuring succulent steaks, delectable chicken specialties, fresh seafood, gourmet pastas, vibrant salads, mouthwatering sandwiches, and enticing starters. The restaurant takes pride in its commitment to utilizing locally sourced, sustainable ingredients whenever possible, ensuring a dining experience that is not only exceptional but also casual enough to satisfy the masses.With a robust presence on social media, the restaurant has amassed over 10,000 devoted followers, a testament to it’s widespread appeal and loyal customer base. A seasoned general manager, supported by a team of dedicated assistants and accomplished chefs, ensures the seamless operation of this neighborhood gem. Spanning nearly 6,000 square feet in a bustling shopping center, the space is designed to accommodate over 200 guests, artfully divided into multiple dining areas, including a lively tavern. Beyond the exquisite dining ambiance, the restaurant has cultivated a substantial carryout following, now utilizing 3rd party delivery apps further elevating the already thriving establishment.The entire package is on the table – from the tastefully curated furniture and top-notch equipment to the stylish décor and a state-of-the-art Toast POS system. Additionally, a fully equipped catering van and $60,000 worth of inventory, and all appropriate liquor licenses are included in this turnkey offering.

 

   
Year Business was Established: 2001
   
Number of Employees: 22 FT/61 PT  
   
Facilities / Terms of Lease: Nearly 6,000 Square Feet of leased space in a busy shopping center. Options available until April of 2029 and likely beyond.  
   
Potential Growth/Expansion: This is a mature restaurant with well-established sales and excellent profits over many years. Growth is possible by maintaining or increasing standards of service, food quality, proper staffing, and proper attention to consumer desires. The addition of 3rd party delivery services has been rolled out in 2023 and deemed a success!  
   
Competition: This Restaurant & Tavern has a fantastic location in a growing community, a wonderful reputation and over 10,000 Social Media followers. Owners are not concerned about competition.  
   
Owner willing to finance: $456,250 down/$1,368,750 over 60 mos. @ 9%.  
   
Owner willing to train: Will train for 4 weeks @ $0 cost.  
   
Reason for selling: Other Business Interests.  
   
Seller Reference Number: 4301-18237
BusinessMart.com Listing Number: 307123
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

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