Lorain County Draft House/Sports Bar/Business and Real Estate-400K!

Lorain County, OH

Seller Financing Available

Bar seats 150!
Asking Price:$440,000
Real Estate:$293,000
Gross Revenue:$606,308
Established Year:2001
BUSINESS DESCRIPTION

Business-Liquor License (D8)-Building-House-Seats 150-4300 sq ft

Real estate appraisal completed-$293,000! Are you ready to step into the thriving world of food and beverage? Look no further! We are delighted to present to you a fantastic opportunity to own a long-standing, successful bar and restaurant. Real estate included with a house in the back! With a proven track record of excellence, this establishment is now available for purchase, offering you a ready-made business poised for continued success. Restaurant has long established late night hours which is a rarity in the area.

Here are the highlights that make this bar and restaurant an exceptional investment:

1- Prime Location: Situated in a bustling and highly desirable area, this establishment enjoys high foot traffic, visibility, and a strong local customer base. It's the go-to destination for locals and visitors alike, ensuring a consistent flow of patrons throughout the year.

2-Established Brand and Reputation: With years of dedication and commitment to exceptional service, this bar and restaurant has built an impeccable reputation. It is known for its inviting ambiance, delicious culinary offerings, a wide selection of beverages, and outstanding customer service. The loyal customer base ensures a strong foundation for continued success.

3- Versatile Venue: The establishment features a well-designed layout that can accommodate various customer preferences and events. From intimate dinners to vibrant social gatherings, this venue caters to a diverse range of occasions. The flexibility allows for maximizing revenue streams through private events, parties, and themed nights.

4-Experienced and Dedicated Staff: The current team is highly skilled, experienced, and passionate about providing an exceptional dining and drinking experience. Their commitment to excellence has contributed significantly to the success of the establishment, ensuring a seamless transition for the new owner.

5- Impressive Financial Performance: This bar and restaurant have a consistent and impressive financial track record, with solid revenues and healthy profit margins. Detailed financial statements and records are available for serious inquiries, demonstrating the business's stability and profitability.

6-Growth Potential: While already a prosperous venture, there is still ample opportunity to expand and increase revenue. With creative marketing strategies, partnerships with local businesses, and leveraging the power of social media, you can take this establishment to new heights.

7-Turnkey Operation: As the new owner, you will inherit a fully operational business with all the necessary equipment and licenses in place. This turnkey operation allows you to hit the ground running, focusing on delivering an outstanding experience to your customers from day one.

Don't miss out on this extraordinary opportunity to own a long-standing, successful bar and restaurant. Whether you're an experienced restaurateur or a passionate individual ready to embark on an exciting new journey, this business offers you the chance to thrive in the vibrant hospitality industry.

Contact us today to learn more about this exceptional investment. Act fast, as opportunities like this don't come around often. Cheers to your prosperous future as the owner of this remarkable bar and restaurant! House on property as well generating over 600 a month in rentals.


DETAILED INFORMATION
Location
Lorain County, OH
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
6,100
Employees
18
Facilities
6100 sq ft restuarant with a single family home on property being rented. Keno and sports betting on property. D-7 Liquor license (Sunday license!) Pool tables, television, darts all available in bar. 30 beer taps and full service kitchen.
Competition
Long standing brand in an area booming with revitalization.
Growth & Expansion
Revitalization happening all around building. Increase technological developments in the restaurant industry. Offer catering services. Develop a marketing plan and agenda.
Support & Training
The owner is willing to train a new buyer for 2 weeks following the closing but can be negotiated depending on terms.
Reason for Selling
Owners relocating
Franchise
This business is an established franchise
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Michael Jr
Michael Jr