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Businesses For Sale   >>   Ohio Businesses For Sale

25 Year Fine Dining Restaurant

Location  Ohio,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1016000
Net Profit / Cash Flow  $152000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1986
Number of Employees  10 - 19
Inventory  35000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Yes
Reason for Sale  Retirement

Description  
With sales consistently exceeding $1,000,000 and provable owner earnings averaging over $148,000 the past 3 years, this is a wonderful opportunity for a buyer to take over a restaurant established over 25 years ago. The owner is in his mid-sixties and wishes to retire, but will be generous with his time to provide excellent transition services to a new buyer. Many opportunities exist to grow the business even more. The restaurant is closed on Sundays and Mondays so expanding the hours can easily be accomplished. Opening for breakfast, expanding the bar area, marketing take home meals, and expanding the menu are all ways that a buyer could take this restaurant to the next level. The kitchen is very efficient and immaculately clean. There is an excellent staff that has been in place for many years including a dining room manager, cooks, servers, and a bartender. This is an established location in the heart of an upscale community in the eastside of Cincinnati. This is a popular location for rehearsal dinners, holiday parties, romantic dinners, and special family gatherings. A full liquor license is included in the asking price. The owner has invested over $250,000 in furnishings, state of the art equipment, and fine decorations to make this a very efficient and well managed restaurant. Asking price is $295,000. Call Dan at 513/315-3006.


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