High Volume Upscale Restaurant in Affluent Suburb
| Asking Price: | $250,000 |
| Gross Revenue: | $1,820,000 |
| FF&E: | $100,000 |
| Established Year: | 2001 |
| Cash Flow: | $155,075 |
| Inventory: | $15,000 |
| Real Estate: | $1,500,000 |
This family-owned full-service lunch and dinner restaurant located in a Cleveland Suburb, offers a unique dining experience with an onsite bakery providing freshly baked bread. The store has established a strong reputation for providing high-quality food in Cuyahoga County.
Opportunities for growth abound, particularly through the expansion of services to include breakfast offerings and catering services. Additionally, leveraging new advertising channels presents a promising avenue for further business development and revenue enhancement.
The restaurant benefits from a great location, established processes, dedicated staff, and strong local brand recognition. The restaurant was recently updated with remodeled bathrooms, a beautiful outdoor patio and a freshly paved parking lot. The business sales have increased by 8% in 2022 and 14% in 2023. The acquisition of this restaurant holds immense potential for investors who have the skill-set to improve the labor and food costs, which combined are about 15% higher than the industry average. With its established reputation, solid financial performance, and avenues for expansion, this restaurant is poised for continued success under new ownership.
