Highly Profitable Neighborhood Bar and Grill

Cleveland, OH

Seller Financing Available

Asking Price:$300,000
Gross Revenue:$1,000,000
Rent:$3,098.25/Month
FF&E:$100,000
Cash Flow:$200,000
Inventory:$15,000
EBITDA:$200,000
Established Year:1996
BUSINESS DESCRIPTION

Neighbors Bar and Grill

Welcome to Neighbors Bar and Grill, the heart and soul of the community for over 20 years! Formerly Slim and Chubby's (Cleveland). Nestled in the heart of Cleveland/West Park, our beloved establishment is not just a bar and grill—it's a cherished gathering spot where friends and family come together to savor the best food in town.

Attention Potential Buyers:

Please refrain from discussing any details with our employees or staff during your visit. If you have any questions or need assistance, kindly direct them to me.
- Thank you for your cooperation.

Why You’ll Love Neighbors Bar and Grill:

Exceptional Cash Flow: Our thriving business model and loyal customer base ensure strong financial health and impressive returns. This is a turn-key opportunity with a proven track record of profitability!

Dedicated Customer Base: We pride ourselves on being a local favorite, with a steady stream of repeat customers who consider our place their go-to spot for delicious meals and great times.

Outstanding Staff: Our friendly and professional team is the backbone of our success.

Irresistible American Food: From juicy burgers, flavorful wings and sizzling steaks to mouthwatering appetizers, our menu boasts the best American comfort food around.

Community Roots: As a longstanding fixture in Cleveland/West Park

Don't miss your chance to own a slice of history. Contact me directly, for more details, do not discuss


DETAILED INFORMATION
Location
Cleveland, OH
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,487
Lease Expiration
24/04/2030
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All equipment and furniture remains with business. Lot of new kitchen equipment purchased. New flooring installed throughout (2024) Business name is included in price. Liquor License (D6) including Sunday liquor sales.
Competition
This is a unique bar and grill. Staple in the community.
Growth & Expansion
Growth is related to time invested in the business to recognize additional margins from existing customer base.
Financing
Seller financing with $175,000 down. Note at 8%/2 years. Cash offer $250,000.
Support & Training
As much support and training as practical. Up to 3 months. Owner is local.
Reason for Selling
Family reasons.
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Frank Edmonds III
Frank Edmonds III