Bar/Restaurant in Cuyahoga County, OH - 29056 Business Type: entertainment,other eating & drinking places,restaurant/ cafes/ diners,bar/tavern/night clubs
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Oakland County, MI
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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.
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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.
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