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American Restaurants, Miscellaneous Restaurant & Bars
Active

Multimillion Dollar Restaurant with Reputation for Excellence

Mahoning County, Ohio, United States
Asking Price$2.10m
Revenue$4.17m
EBITDA-
Cash Flow$795k
Description
Upscale full-service restaurant, tavern, and catering operation with over 80 employees and a reputation for excellence. The menu features steaks, chicken specialties, fresh seafood, gourmet pastas, salads, sandwiches, and starters with locally sourced, sustainable ingredients when possible. Nearly 6k square feet of leased space in a busy shopping center and room for over 200 people split into several dining areas including a full tavern. During Covid, the restaurant developed a large carryout following that has bolstered this already successful establishment. The offering includes all furniture, equipment, décor, modern POS system, Catering van, and $60,000 of inventory. The business has over 10,000 followers on social media. The company has a general manager in place as well as several assistants and a number of experienced chefs. The new owner should be an executive level restaurant operator with the experience required to supervise a multi million-dollar restaurant operation.
Real Estate
Leased
Building Size: 5955 sq. ft.
Furniture Fixtures & Equipment
$700k
Inventory
$60kIncluded in Asking Price
Number of EmployeesFull-Time: 83
Year Established
2001
Reason Selling
Other Business Interests.
Facilities & Assets
Nearly 6,000 Square Feet of leased space in a busy shopping center. Options available until April of 2029 and likely beyond.
Support & Training
Will train for 4 weeks @ $0 cost.
Market & Competition
This Restaurant & Tavern has a fantastic location, a wonderful reputation and over 10,000 Social Media followers. Owners are not concerned about competition.
Growth Opportunities
This is a mature restaurant with well-established sales and excellent profits over many years. Growth is possible by maintaining or increasing standards of service, food quality, proper staffing, and proper attention to consumer desires. The addition of 3rd party delivery services has just been rolled out in 2023 and is off to a great start. Growing to additional locations may be possible as well.
Financing Options
Seller financing is available.$1,050,000 down/$1,050,000 over 84 mos. @ 9%.
Asking Price$2.10m