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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.  
 

 

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