Under Contract - Popular, well-established bar/restaurant with great reputation

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Restaurants for Sale

This business has been established for over 50 years and has consistently been popular and profitable. The business has a strong following and is known as a good place to eat, as well as being a favorite gathering place. The revenue is almost equally split between the bar and food service.

Financial Information

  • $700,000 Asking Price
  • $100,000 Cash Flow
  • $300,000 Gross Revenue
  • $70,000 Down Payment
  • Yes Financing

Business Location

  • City: Dayton
  • State: Ohio

Financing Comments

  • Will consider some seller financing to qualified buyer.

Reason for Sale

  • Owner to retire

Detailed information

  • Year Established: 1933
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 1
  • Part-Time Employees: 6
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: Yes
  • Inventory Value: Negotiable
  • Monthly Rent: $3,500
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $400,000
  • Building Size: 4680
  • FF&E Included?: Yes
  • FF&E Value: $150,000

Training/Support

  • A training and transition plan will be developed between the owner and buyers based on need.

Facilities

  • Seats 127 inside, 18 outside

Market Outlook/Competition

  • There are opportunities to grow the business based on its reputation and focusing on social media and other marketing strategies. There are potential customer concentrations that can be tapped into.

Real State Description

  • 4680 sf building with 60 parking spaces
Business Listed by
image of Broker Profile
Gerry Chadwick
Sunbelt of Dayton
Listing ID
DAYTOOH001-51968

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