Upscale Casual Restaurant - $1,100,000 Sales

Upscale Casual Restaurant - $1,100,000 Sales Location: Eastside Greater Cincinnati
Listing Number: 112618del

Financial Information

Asking Price: $350,000
Gross Revenues: $1,190,000
Cash Flow: $161,000
Real Estate: Leased space

Business Description

 

 

Upscale Casual Restaurant

This 4,000 square foot eastside Cincinnati restaurant with seating for 150 is a relaxing, but lively place for all to eat. Taking a new restaurant to over $1.1 million in sales with over $150,000 in owner earnings in 8 years is no easy task, but the seller has accomplished this with class and much profitability.   The seller takes immense pride in serving scratch made food while the restaurant’s steaks, fish, and chicken are always fresh, never frozen.  All of the soups, sauces, and salad dressings are made in house.  The restaurant is offered as an asset purchase, free and clear of debt.  The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

Full liquor license

SBA loan qualified

2018 sales 6% over 2017 sales

Uses the latest in restaurant software

Long term employees and managers in place

Clean books and records – all numbers are verifiable

Inventory between $10,000 - $20,000 included in the price

Over $300,000 initial investment made to open is included in the price