Multimillion Dollar Restaurant with Reputation for Excellence

Mahoning County, OH

Seller Financing Available

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Asking Price:$1,699,000
Gross Revenue:$3,746,574
FF&E:$700,000
Cash Flow:$726,005
Inventory:$60,000
Established Year:2001
BUSINESS DESCRIPTION

This well-established restaurant and tavern in Mahoning County, Ohio, offers a unique blend of quality dining and a casual, inviting atmosphere that has made it a community favorite. With a team of over 75 team members, the business operates smoothly under a seasoned general manager, along with experienced assistants and chefs. The extensive menu includes a range of popular offerings including steaks, chicken specialties, fresh seafood, gourmet pastas, and salads crafted with a commitment to locally sourced and sustainable ingredients whenever possible. The restaurant’s social media presence has attracted over 10,000 followers, adding to its reputation and customer loyalty.

Spanning nearly 6,000 square feet in a bustling shopping center, the layout includes multiple dining areas and a lively tavern, accommodating over 200 guests. This well-designed space, along with the restaurant's strong carryout and third-party delivery options, has broadened its reach, making it a go-to destination for both dine-in and takeout. The sale includes all furniture, fixtures, and equipment, along with a fully integrated Toast POS system, inventory valued at $50,000, and liquor license, creating a seamless, turnkey opportunity for a new owner to take the reins of this thriving establishment.


DETAILED INFORMATION
Location
Mahoning County, OH
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,955
Employees
83
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Nearly 6,000 Square Feet of leased space in a busy shopping center. Options available until April of 2029 and likely beyond.
Competition
This Restaurant & Tavern has a fantastic location in a growing community, a wonderful reputation and over 10,000 Social Media followers. Owners are not concerned about competition.
Growth & Expansion
This is a mature restaurant with well-established sales and excellent profits over many years. Growth is possible by maintaining or increasing standards of service, food quality, proper staffing, and proper attention to consumer desires. The addition of 3rd party delivery services has been rolled out in 2023 and deemed a success!
Financing
$175K down/$170K over 60 mos. @ 9%/Other Financing.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Other Business Interests.
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Bill
White Jr
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Bill White Jr