SG 10586 Ohio Cleveland Upscale Restaurant and Lounge

Cuyahoga County, OH
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Asking Price:$450,000
Gross Revenue:$1,550,000
Rent:$4,000/Month
Cash Flow:$450,000
Inventory:$40,000
Established Year:2000
BUSINESS DESCRIPTION

$450,000 Plus Food Inventory for Ohio Cleveland Upscale Restaurant and Lounge.   Over $1,550,ooo in yearly food and Liquor sales. Profitable operation. Higher margins of profit. Seller retiring after 35 years in the restaurant business. 2400 SF restaurant main area and 2400 SF Patio and 1200 SF upstairs dining area. Newly remodeled and suited for events and parties. Great reputation with lots of loyal customers. Great atmosphere with both indoor as well as patio seating. 225 customer seating capacity. Well equipped. Currently operating from 3:00 pm to 11:00 pm and open till 2:00 am weekends. Increasing business hours would invite heavy lunch. Surrounded by commercial and residential roof tops in an upscale heavily populated.  Utilizing internet ordering will increase business as well as catering. Lot's of potential for the right family or an owner operator. Willing to make the right deal with the right down payment. Please "do not disturb the employees". Please call The Saleh Group - RE/MAX Preferred Group for more information and showings visit us online.


DETAILED INFORMATION
Location
Cuyahoga County, OH
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Employees
23
Facilities
6,000 sq. ft. Restaurant including patio and upstairs with 225 Seating Capacity.
Support & Training
2 weeks at no cost to buyer
Reason for Selling
Retiring after 35 years in Restaurant Business
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Nidal
Saleh
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Nidal Saleh