High Volume Casual Dining Restaurant
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 |
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.