High Volume Casual Dining Restaurant

Canfield, OH
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Asking Price:$1,495,000
Gross Revenue:$4,401,304
EBITDA:$623,000
Established Year:1986
Cash Flow:$693,000
Inventory:$50,000
FF&E:$150,000
BUSINESS DESCRIPTION

Profitable Restaurant with SBA Financing Pre-Approved

This successful restaurant is a renowned casual/fine dining establishment that has been a cornerstone of the community for over 20 years. The restaurant is celebrated for its Italian American cuisine with an international flair, offering a diverse menu that features daily specials and signature dishes. Known for its extensive wine list and exceptional service, this restaurant is a premier dining destination in northeast Ohio.
The restaurant demonstrates strong financial performance with impressive sales figures and profitability. The business operates with zero debt, has a well-maintained facility, and benefits from a loyal customer base. There are significant growth opportunities for new owners, including expanding catering services and potentially opening on Sundays to meet high customer demand. These changes could increase revenue substantially. The restaurant's exclusive access to seven catering venues also presents a lucrative avenue for additional income.
The current owner, who has dedicated 37 years to the restaurant industry, is ready to move on to new ventures. They are committed to ensuring a smooth transition and will provide comprehensive support to the buyer throughout the process.
This restaurant is a well-established and profitable business with a solid reputation and significant growth potential. With flexible property leasing or sale options and available seller financing, this opportunity is well-positioned for prospective buyers looking to continue and expand a successful dining operation.


DETAILED INFORMATION
Location
Canfield, OH
Inventory
Included in asking price
Real Estate
Leased
Employees
60
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Reason for Selling
Retirement
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Brad
Ruth
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Brad Ruth