Nostalgic neighborhood restaurant. Includes both the profitable business and real estate. Full-service kitchen infrastructure in place. Established in the late 1950’s and family-run since 1990, this restaurant has been offering nearly seven decades of culinary excellence and history. Currently owned by a family member retiring after 35 years, this is a unique opportunity for a buyer to take over a beloved local establishment. Known for its enormous portions and welcoming, "mom-and-pop" ambiance, the restaurant has a loyal customer base that values its hearty meals and traditional atmosphere with a very loyal customer base and a reputation for the quality of its food and service. This TURNKEY business is ready for a new owner to continue its great run.
The restaurant currently serves breakfast, lunch, and dinner. There is no current liquor license.
Financial Information
$1,200,000
Asking Price
$543,000
Cash Flow
$1,967,000
Gross Revenue
N/A
Down Payment
Yes
Financing
N/A
Adjusted EBITDA
Business Location
City:
Confidential
State:Ohio
Financing Comments
Some seller financing to a qualified buyer
Reason for Sale
Owner is retiring
Detailed information
Year Established:
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 20
Part-Time Employees:13
Contractors:N/A
Owner Worked Hours/w:55
Inventory Included: No
Inventory Value:
$6,000
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$500,000
Building Size: 3108
FF&E Included?: Yes
FF&E Value: N/A
Real Estate Description
The building is 3,108 SF and sits on 1.19 acres. The structure was built in 1952 and remodeled in 1980. The property is zoned as a Restaurant. (321-RESTAURANT)
This well-established catering business is renowned for delivering first-class culinary experiences. Independently owned and operated for over 35 years, the...