SG 11684 Ohio Cleveland Northeast Upscale Restaurant and Lounge

Ohio, Cleveland, Northeast Upscale Restaurant and Lounge Business for Sale $295,000 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” . Please call The Saleh Group ( REMAX Preferred Group) at 614-500-8500. For more information and showings, visit us online at www.salehgroup.com. Property Details SG Number: SG-11684 Business Type: Restaurant Business Name: SG 11684 Ohio Cleveland Northeast Upscale Restaurant and Lounge Listing Price: $295 Down Payment: Negotiable Proposed Seller Financing: Yes Inventory Value: $40,000 Annual Gross Sales: Over $1.50M Annual Owner Profits: Over $335,000 Seller Discretionary Earnings: $335,000 Monthly Rent / Mortgage Payment: $4,000 Seller Competition: Seller May Sign a no compete agreement Years Seller has Owned/Operated Business: 7 Owner Qualifications: Needed but not required Reason for Selling: Downsizing and Retiring # of Employees/Management: 22 Hours of Operation: 3-11 and 2am weekend Building Size/Type: 6000 Training Provided: 2 weeks at no cost to buyer State: OH Country: U.S.A. Status: active Branding: Independent Tagged Cleveland Ohio Oh Restaurant Upscale Saleh Group Nidal Saleh