Business For Sale Listing 150937
Cincinnati Steakhouse with Property - $1 Mil Sales
Status as of Nov-21-2008 at 06:00 PM: Active
Business Summary
Established over 50 years ago, only the second owner of this landmark is looking to sell his restaurant which consistently does $1 million in sales with a very loyal clientele. With the property valued at $225,000 plus $25,000 worth of inventory/equipment in addition to the liquor licenses valued at $25,000 (total of $275,000), the asking price of $349,000 is very reasonable. Highlights include seating for 150, plenty of parking, long time staff, good mixture of young and old clientele, D5 and D6 liquor licenses. Second floor opportunity exists to develop a sports bar theme or hold banquets, receptions, company meetings, etc. This is your opportunity to not only own your own restaurant, but control the real estate and your successful destiny. Buy now and take advantage of the fall and winter seasons which are prime time for the restaurant business. This transaction has been pre-approved for an SBA loan.
Categories
Industry
Location
Financials
| Sales: |
Between $5 Million And $10 Million ($1,000,000) |
| Profits: |
Under $100 Thousand ($68,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($349,000) |
