A premier restaurant and bar with a multi-state destination point, draw of loyal patrons, clientele, parties and events in Northwest Ohio and Southeast Michigan with 70% of receipts from 15 to 70 miles away. Proven and validated for 30 years, modern cozy country restaurant bar seating 99, regionally eclectic due to its scratch kitchen, exceptional cuisine and friendly staff allowing owner to consider operating pseudo absentee.
Lots of group events in the pipeline with gross sales of $359,929 and seller discretionary cash flow of $51,853 priced to sell at only $119,000 for the business with possible seller finance of up to 50% of purchase price if approved by Seller. This country at heart restaurant bar is an ongoing success story with great history, visibility, reputation, strong financials and very loyal clientele from a two-state region.
Possible seller financing and pseudo absentee ownership consideration.
Catering, conference room, private events and parties, clean heath inspections in this 12-15 ft. cook line with fire system and exhaust fans, seating 99 with good functional equipment, huge cooler, 2 freezers, two ranges, and grill. Newer roof, HVAC, hot water tank, 3 full time, 9 part time, priced to sell by this retiring seller who will consider financing 50% purchase price, listed at only $119,000.
If you have been looking for a proven, well known, huge draw of loyal customers/followers in Northwest Ohio and Southeast Michigan with well-trained staff in an excellent buildout that you can “Slap Your Name and Family Linage upon,” then check this out!
The information contained herein has been secured from the Seller. Sunbelt Business Brokers of Northern Ohio does not warrant or guarantee in any way whatsoever either the accuracy or the correctness of the information or any assumptions or inferences there from. Buyer should conduct his or her own diligence before buying. This information is subject to change without notice.
Financial Information
$119,000
Asking Price
$51,853
Cash Flow
$359,929
Gross Revenue
On request
Down Payment
Yes
Financing
Business Location
City:
Northwestern Ohio
State:Ohio
Financing Comments
Seller will cosider some financing for a qualified buyer
Reason for Sale
Retirement
Detailed information
Year Established:1992
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 3
Part-Time Employees:9
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
On request
Inventory Included: No
Inventory Value:
$10,000
Monthly Rent:
$2,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$269,000
Building Size: 4060
FF&E Included?: Yes
FF&E Value: $20,000
Training/Support
Sel;ler will negotiate a transition period
Facilities
4,060 sq. ft. facility, available for lease orpurchase
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