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Beautiful Restaurant & Bar

Columbus, OH

Seller Financing Available

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Asking Price:$425,000
Inventory:$19,000
Established Year:2021
Gross Revenue:$1,170,000
FF&E:$120,000
Listing ID: 2245807Listing provided by BizBuySell
BUSINESS DESCRIPTION

Very nice full-service, American-style restaurant with a full bar that offers beer, wine and spirits. The restaurant is in excellent condition and has all new equipment less than 6 years old and leases the space in a building which is less than 10 years old. The restaurant also offers food for delivery using 3rd parties (Uber Eats, etc) and occasionally does catering for events. Sales have been steady ~$1M every year since opening in 2021.

The restaurant is located on a highly trafficked road in a commercial district adjacent to a large residential neighborhood and only 5 mins from the highway. There are ~15 employees including a full-time GM and head Chef; employee turnover is very low at ~10% annually.

DETAILED INFORMATION
Location
Columbus, OH
Inventory
Included in asking price
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The restaurant is located in a small, new, attractive commercial center on a busy street. The restaurant is 2,700 sq. feet indoors with additional seating on a 300 sq ft outdoor patio in the front. There is ample free, shared-lot parking behind the restaurant and along the street. All furniture, fixtures and equipment (FFE), licenses, and inventory is included in the sale other than the restaurant name - a buyer must bring a new name. The FFE is all new and in excellent condition. All licenses are current and clear.
Growth & Expansion
Ideal buyer would be able to run the restaurant themselves and eliminate the GM position thus improving cash flow. The restaurant is in a great location with loyal employees and has strong repeat business. The restaurant is currently open for dinner-only, and is closed on Sundays. A new owner could consider modifying hours and there are several other nice growth possibilities including increasing private events, food deliveries, etc.
Financing
Seller is open to financing the sale
Support & Training
If desired by the Buyer, the Seller has agreed to stay on after the sale for a period of time to help ensure all established relationships with employees, customers, vendors, etc. are transitioned smoothly. Terms of the transition period will need to be negotiated.
Reason for Selling
Owner wants to retire
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Rick
Barth
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Rick Barth
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