Great local family friendly bar restaurant with huge potential.m

Geauga County, OH

Seller Financing Available

listing image
Asking Price:$609,000
Gross Revenue:$970,000
FF&E:$79,000
Cash Flow:$149,000
Inventory:$25,000
Real Estate:$519,000
BUSINESS DESCRIPTION

**For Sale: Iconic Bar Restaurant - A Century of Success at this location!**

Seize the opportunity to own a beloved local gem! This established bar restaurant has proudly served the community for over 100 years at this location under a few names, becoming a cornerstone of the area. With a loyal and growing clientele, sales have steadily increased over the last 5 years, showcasing its robust potential.

Current owners are reluctantly selling due to other business commitments that require their attention. This is a hands-off operation, allowing the owners to visit just once a month. A skilled management team is already in place, ensuring a seamless transition and continued success.

This is your chance to take the reins of a thriving business with an excellent reputation and a strong base for future growth. Don’t miss out on this rare opportunity to own a piece of local history! Contact us today for more details. This sale includes full real estate and full liquor license and a thrive in business. The real estate alone just appraised at $519000. Yearly sales at this location are just shy of 1 million. This is the type of restaurant that you would be comfortable taking your family to at 6:00 p.m. or your date at 9:00 p.m!


DETAILED INFORMATION
Location
Geauga County, OH
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,500
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Brand new beer coolers prep coolers. Beer taps and all lines are only 2 years old. Brand new beer system. Brand new mechanical and walk-in cooler and freezer. The HVAC is only 2 years old for the entire building.
Competition
There are very few bar restaurants in the community and we are by far the most popular.
Growth & Expansion
If somebody wants to be an owner operator you easily can skyrocket your profits. For an absentee owner this is also a great investment as the current owners are profiting
Financing
With 33 percent down
Support & Training
Negotiable
Reason for Selling
Other business ventures/ retirement
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Kyle Vanboxel
Kyle Vanboxel