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Restaurant Diner In West Cleveland Suburb Growing Sales In Cleveland For Sale

Cleveland, Ohio, US
Asking Price:
$249,000 (USD)
Sales Revenue:
$610,000 (USD)
Cash Flow:
$125,000 (USD)

Successful Diner Business in West Side Middle Income Neighborhood with Impressive Performance during the Pandemic Years of 2020 and 2021 (Used Uber-Eats effectively to satisfy demand & as is shown has operated profitably.)
Has Efficiently Designed Kitchen (upgraded in 2015)
Offering a Steady Business Opportunity for an Owner/Operator Seeking a Life-Style Business.

Preliminary Financial Highlights: Please see the attachment with Income-profit tabulation. Please note that owners use do no cash business resulting in better control.
Menu: Mostly made from fresh ingredients; breakfast items account for 80% of sales; offering attractive homemade deserts and other specialties.
Hours: 6:00 am to 5:00 pm Week-Days; 7:00-2:00 Weekends (weekends have high traffic). Longer hours could increase revenues.
Size; Seating Capacity; Parking: Occupies about 1,260 sf; About 35 Seats. Parking in front and plenty available across the street.
Lease: Monthly rent at $1,538 NNN; Another 5-year option starting on 3/1/2023 for $1,650 monthly and reaching $1,800/month in 2027.
Competition & Marketing Program: There are about 5 similar businesses in the area. Key competitive advantages of this business are: Homemade offerings; social media outreach; special marketing programs for take-home and take-out to offices.
Reason for Sale: Retiring partners to pursue other interests.
Asking price: $249,000 plus inventory at cost at the time of closing.

Property Information

Real Estate:

Lease

Lease Terms:

ease: Monthly rent at $1,538 NNN; Another 5-year option starting on 3/1/2023 for $1,650 monthly and reaching $1,800/month in 2027.

Location:

Western Cleveland Suburb.

Premises Details:

Has Efficiently Designed Kitchen (upgraded in 2015)

Size in square feet:
1,260

Business Operation

Expansion Potential:

Expansion of business hours is expected to help.30

Competition / Market:

Successful Diner Business in West Side Middle Income Neighborhood with Impressive Performance during the Pandemic Years of 2020 and 2021 (Used Uber-Eats effectively to satisfy demand & as is shown has operated profitably.)

Reasons for selling:

Sellers plan to retire and pursue personal and family interess.

Trading hours:

Hours: 6:00 am to 5:00 pm Week-Days; 7:00-2:00 Weekends (weekends have high traffic). Longer hours could increase revenues.

Employees:
4
Years established:
Purchased in 2013.

Other Information

Support & training:

Seller will support as per mutual agreement with the Seller.

Financing available:

Pre-qualified for SBA Financing.

Inventory / Stock value:
$23,000 (USD)
Related Documents:

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