SG 9847 Ohio Cleveland Upscale Restaurant and Lounge

Msaleh December 29, 2023

Ohio Cleveland Upscale Restaurant and Lounge

Business for Sale

E2 and EB5 Qualified

$750,000 Plus Food Inventory for Ohio Cleveland Upscale Restaurant and Lounge.  $30,000 average revenues per month with higher margins.  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 at 614-500-8500 for more information and showings visit us on line at www.salehgroup.com.

  • SG Number: SG 9847
  • Business Type: Restaurant Lounge
  • Business Name: SG 9847 Ohio Cleveland Upscale Restaurant and Lounge.
  • Listing Price: $750,000 Plus Food Inventory
  • Down Payment: Negotiable
  • Proposed Seller Financing Availability: Seller to Assist with Financing
  • Inventory Value: $40,000 +/-
  • Annual Gross Sales: $1,550,000
  • Annual Owner Profits: $450,000 including manager salary
  • Monthly Rent/Mortgage Payment: $4000
  • Seller Competition: Seller to Sign a Non-compete Agreement
  • Years Seller has Owned/Operated Business: 2018 by Seller, Established 2000
  • Owner Qualifications: Experience Needed but Not Required
  • Reason for Selling: Retiring after 35 years in Restaurant Business
  • # of Employees/Management: 10 FT 12 PT 1 M
  • Hours of Operation: 3:00 PM to 11:00 PM and weekends till 2:00 AM
  • Building Size Type: 6,000 sq. ft. Restaurant including patio and upstairs with 225 Seating Capacity.
  • Training Provided: 2 weeks at no cost to buyer
  • State: Ohio
  • Country: U.S.A.
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