Restaurant, Chef-Owned offering private dining, catering, Meal Deliv.

Cuyahoga County, OH

Seller Financing Available

Chef Owned Private Dining Restaurant and Catering.
Asking Price:$135,000
Gross Revenue:$141,381
Rent:$700/Month
Cash Flow:$50,153
Inventory:$12,000
Established Year:2013
BUSINESS DESCRIPTION

Chef-Owned Private Dining Restaurant in West Side Upper Middle-Class Community with a Great Following of Repeat Customers. Retiring Chef-Owner is looking for a fellow Chef who has the passion to continue the existing business and expand it by capitalizing on one or more un-exploited Food Service initiatives (with due increase of workers):
Gourmet Food Delivery (via Door Dash, Uber Eats, etc.) and using established on-line promotions;
Expanding Catering event offerings of via proper digital marketing (e.g. Family Events, Business Functions, etc.)
Offering Food Service Cart by placing a Food Cart outside at one of the 4 building Complex from Spring to Fall on selected days). Such an initiative can be easily started.
Leverage the above initiatives with the company’s existing web site and other public media services.
Dining room with great sunset views; open & efficient kitchen.
Has a private dining room with 20 seat capacity for private evening diners (Fridays, Saturdays and Sundays)as well regular luncheons via reservations.
Financials: 2023 Revenues $142K; G.M.: 46% (35% Lunch/45% Din. & Catering. Business Mix: Lunch: 40%; Din.; Catering, Classes: 60%.
Asking Price: $135,000 plus inventory at closing.
Rent: $700.00/month including utilities & insurance. Size: 600 sf.
NOTE: Seller is willing to train the buyer for about 6 months with agreed hourly wages as per mutual agreement between the parties
Offering a Steady Business Opportunity for a Chef/Owner seeking a Life-Style Business with upside un-exploited potential as outlined.
Selected Remarks from Happy Customers’ Reviews are shown in the attached one-page summary.


ATTACHED DOCUMENTS
Chef Owned Private Dining Restaurant & Private Catering; Other Upsides.pdf Download

DETAILED INFORMATION
Location
Cuyahoga County, OH
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
600
Lease Expiration
31/12/2026
Facilities
Pleasant dining room with wonderful sunsets (on penthouse) and Open Kitchen separated by a large granite counter.
Competition
Like all restaurant business, this one is affected by the level of economic activity to some extend. However an active owner can use initiatives to attract more private dining events.
Growth & Expansion
This has been discussed in the main section.
Financing
Preferably for a limited period to facilitate transition.
Support & Training
Seller willing to train for up to 6 months with at mutually agreed hourly rate.
Reason for Selling
Retirement.
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Elias
E. Ladon
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Elias E. Ladon