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Newly Renovated Tavern & Restaurant - Growing Fast! for sale in Geauga County, OH

Geauga County, Ohio (OH)

Asking Price: Gross: Cash Flow:
$ 250,000 $ 830,000 $ 143,060

Furniture and Fixtures Value:
$ 150,000 (included in the asking price)

Inventory Value:
$ 13,000 (included in the asking price)

Business Summary:
Newly Renovated Tavern & Restaurant For Sale, & Growing Fast!This Tavern and the building it is housed in has been recently purchased, renovated and refreshed with brand new equipment, furniture, and décor. Armed with a new name, a fresh new menu, and a strong crew of 15 people including a very experienced manager, the business opened in April of 2021. Financially speaking it is clear that this location will be a financial success and is now the talk of the town bringing in new customers including plenty of “regulars” for fresh quality food, ice-cold beer, and mixed drinks. What the new owner could not have anticipated was that his primary business outside of the restaurant and bar industry would grow so quickly over the last few years that it now requires far more of his time and focus. The decision has been made to sell this newly rekindled business. The business includes a full set of liquor licenses allowing sales 7 days a week as late as 2:30am. The newly renovated building is also available for an additional $300,000 through Beau Quest Realty and includes an upstairs apartment with tenant. With over 100 seats, a patio, and a bar that seats 25, this business has been designed for success. Business includes an estimated $13,000 of inventory.

 

   
Year Business was Established: 2021
   
Number of Employees: 5 FT/10 PT  
   
Facilities / Terms of Lease: Recently upgraded building with rented upstairs apartment available for $300,000 through Beau Quest Realty LLC. Over 100 seats, 25 at the bar, and beautiful patio.  
   
Potential Growth/Expansion: This neighborhood bar & grill is just getting started!  
   
Competition: Small town with only a few competitors.  
   
Owner willing to finance: $125K down/$125K over 36 mos. @ 7%.  
   
Reason for selling: Other Business Interests.  
   
Seller Reference Number: 4301-17029
BusinessMart.com Listing Number: 283596
 

 

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For more info contact:

Evelyn Correa

Murphy Business & Financial Services
727-725-7090

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