High Traffic Restaurant
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $780000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 10 - 19
Number of Employees 10 - 19
Real Estate Owned
Training Seller will train as necessary.
Reason for Sale Seller has better business opportunities available to them.
Description (THIS IS CURRENTLY UNDER CONTRACT) RESTAURANT IN BRUNSWICK, OH; HIGH TRAFFIC LOCATION. This is a moderately priced family restaurant located on a high traffic location averaging about $15,000 a week gross revenues. It is located on one of the busiest routes of Brunswick with numerous retail locations and having entrance to I-71. The auction is scheduled to take place on April 17, 2008 at 2:00 p.m. at a nearby hotel in Brunswick, OH. For a confidential Business Summary and Facility Information please emai lor call 216-916-0737 (direct line) or 216-295-1136 (cell) for Elias Ladon. If you leave a message please remember to leave your telephone number and address or email address.
TERMS OF THE AUCTION:
Buyer must pay $15,000 on auction day and complete application to Landlord. The balance will be due in 30 days. A 10% buyer's premium with a minimum of $10,000 will be added to the winning bid price. Suggested bid Price $175,000.
MORE DETAILS ABOUT THIS RESTAURANT OPERATION:
This is a moderately priced Diner-Style family restaurant in the growing area of Brunswick in a prime location. The 1990-2006 population growth within the surrounding 5-mile-radius area has been 32.9% while during 2000-2006 its has been 8.3% (see Appendix C for demographics information.) The population of the area within a 5-mile radius is estimated to be 79,031 with a Median Household Income of $72,558. The restaurant is open from 6:00 a.m. to 10:00 p.m. 7-days a week.
It has about 150 seating capacity and about 55 parking spots. According to the Sellers, the weekly Gross Sales are in the $15,000 range per week. Prospective Buyers are advised to verify the range of revenues on their own (Seller would be willing to accommodate this 0.
Its rent is $5,500 per month paid by the restaurant to the real estate corporation (Seller owns them both). Seller wishes to sell the property and the business together. The building was built in 1985. Its size is 3,585 square feet.
Click Here To Contact Seller
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