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This Business has been Sold!
Closing Date: 10/15/2021
Business for Sale Summary

Bar/Restaurant in Cuyahoga County, OH - 29056

Business Type: entertainment,other eating & drinking places,restaurant/ cafes/ diners,bar/tavern/night clubs
Sold
 Bar/Restaurant in Cuyahoga County, OH
On October 15th 2021, The Undersigned
Acted as the Advisor to the Deal
Steven Mencini
Steven Mencini Senior Broker
Servicing: Cuyahoga County, OH
Oakland County, MI
Walker County, TX
Davidson County, TN
Allegheny County, PA
Jackson County, MO
Suffolk County, MA
Mecklenburg County, NC
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $375,000 Down Payment $375,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $275,000 Number of FT Employees Register Free to View

Financing

$375,000 Down and Possible owner financing for the right buyer.

Business Description

Very profitable multi-purpose bar/restaurant, sitting on a main street with plenty of parking. It can sit 35 at the bar, and has another area just off the bar, with booths and high-top tables that can accommodate about 50 people. Adjacent on the other side of the bar, there is a bigger room that can seat anywhere from 80 - 100, and has a stage for entertainment. This bigger room can also be configured for just tables and chairs for dining, or any other event. The bar/restaurant hosts many events, with and without bands, for private parties and fundraisers. There is also a patio that is enclosed for the winter months, and is used year-round. Also featured throughout the bar/restaurant are 20 HD TVs and big screen TVs. The liquor license is a D6, and lotto is also available. The owners are more than willing to work with the next owner for a period, to be negotiated, to ease the transition with the clientele and employees. Also, the owner is willing to negotiate the price and down payment with the right buyer. They just did $10,000 in upgrades to their kitchen and there is a new hotel going up in the neighborhood. This is an excellent opportunity to walk into a turn-key bar in a great location, so come take a closer look. Please contact the broker Steven Mencini for further information at 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.