SG 11145 Ohio Cleveland Euclid Restaurant and Lounge

E2 Qualified $400,000 Plus Food Inventory for the Ohio, Cleveland, Euclid Restaurant and Lounge. Over $1,500,000 in yearly food and Liquor sales. Profitable operation. Higher margins of profit. Seller is retiring after 35 years in the restaurant business. 2400 SF restaurant main area, 2400 SF Patio, and 1200 SF upstairs dining area. Newly remodeled and suited for events and parties. Excellent reputation with lots of loyal customers. Great atmosphere with both indoor and patio seating. 225 customer seating capacity. Well equipped. Currently operating from 3:00 to 11:00 pm and open till 2:00 am on weekends. Increasing business hours would invite heavy lunch. Surrounded by commercial and residential rooftops in an upscale, heavily populated area. Utilizing Internet ordering will increase business and catering. Lots 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”. SG Number: SG 11145 Business Type: Restaurant Lounge Business Name: SG 11145 Ohio Cleveland, Euclid Restaurant and Lounge. Listing Price: $400,000 Plus Food Inventory Down Payment: Negotiable Proposed Seller Financing Availability: Seller to Assist with Financing Inventory Value: $40,000 +/- Annual Gross Sales: $1,500,000 Annual Owner Profits: $360,000, 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 the 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 the buyer State: Ohio Country: U.S.A.