Newly Renovated Tavern & Restaurant
Geauga County, Ohio
Asking Price: |
Gross: |
Cash Flow: |
$244,000 |
$997,126 |
$189,454 |
Furniture and Fixtures Value:
$150,000 (included in the asking price)
Inventory Value:
$13,000 (included in the asking price)
Business Summary:
The tavern, along with its beautifully renovated building, offers an unbeatable combination of modern aesthetics, a fresh menu, and a dedicated team, making it the talk of the town since its grand reopening in April 2021. Under new ownership, the tavern has undergone a comprehensive transformation. The building itself has undergone extensive renovations, resulting in a stunning space that exudes warmth and charm. The interior has been outfitted with top-of-the-line equipment, stylish furniture, and captivating décor, creating an inviting ambiance that guests simply adore. The tavern has been designed for success, featuring over 100 seats, a charming patio area, and a well-equipped bar accommodating 25 patrons. With a fresh new name and an innovative menu, the tavern is capturing the attention of both locals and visitors alike. The business has quickly become a popular destination for those seeking a delightful dining experience paired with ice-cold beers and expertly crafted mixed drinks. The establishment has already cultivated a loyal customer base, boasting a healthy mix of regulars and new patrons eager to savor the restaurant's fresh and high-quality offerings. The business is led by a highly experienced manager supported by a team of 15 employees. The business includes all needed liquor licenses to operate daily until 2:30am. The newly renovated building is available for purchase separately, including a tenant-occupied apartment on the upper level, offering potential for additional income.
|
|
|
|
|
|
Year
Business was Established: 2021 |
|
|
Number of Employees:
5 FT/10 PT |
|
|
|
Facilities / Terms of Lease:
Recently upgraded building with rented upstairs apartment available for additional cost through real estate broker. Over 100 seats, 25 at the bar, and beautiful patio. |
|
|
|
Potential
Growth/Expansion:
This neighborhood bar & grill is just getting started! |
|
|
|
Competition:
Small town with only a few competitors. |
|
|
|
Owner
willing to finance:
$122K down/$122K over 36 mos. @ 9%. |
|
|
|
Reason for selling:
Other Business Interests. |
|
|
|
REQUEST MORE INFO |
|
|