Ohio Historic 5 Star Restaurant with B&B
Southern Ohio, OH
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Asking Price: $455,000
Cash Flow: $400,000
Gross Revenue: $857,195
EBITDA: N/A
FF&E: $60,000
Inventory: $3,000
Real Estate: $350,000*
Established: 2008
*not included in asking price.
Business Description
Long established, highly rated restaurant in beautiful park-like location in updated historical bldg. (RE sold separately) with profits over $850K annually. Its fine dining, unique ambiance & exceptional customer service has consistently made it a top choice, award-winning restaurant with a loyal clientele. It has been a local favorite for years and is also a great place for social events, meetings, weddings, holidays, family get togethers and tourists. With its excellent reputation and fully trained staff, it boasts a solid menu with inventive flair. Full menu offers a wide variety of cook-to-order appetizers, salads, entrees and desserts as well as special beverages and top-shelf wine selections. The restaurant is open for lunch & dinner and features large indoor and outdoor seating areas (100+ seating capacity), a fully equipped kitchen, well-trained staff and a transferrable beer and wine license in place. This is a rare opportunity for the passionate restaurateur! Owner will train. Excellent E-2 Visa Business. NDA and PFS REQUIRED.
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Detailed Information
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,800
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is located inside a historic home that has been totally renovated and brought back to it's original beauty. The current owners have invested a lot of their own resources and energy into the facility which boasts a newly upgraded full service kitchen, elegant decor with custom furnishings, groomed landscaping, private grounds for entertaining outdoors and major physical improvements to the interior and exterior of the building.
Competition:
This restaurant is located in one of the nicest areas of town and on the most beautiful street. It has high visibility and plenty of parking spaces on both the front and sides of the building. There is minimal competition in this town to the fine dining cuisine served at this 5 star restaurant. It is a destination store for not only locals but for people travelling in from all over the country.
Growth & Expansion:
The opportunity to increase revenue from this business is significant. The current owners chose not to facilitate a bed and breakfast but the home is actually set up to accommodate the buyer wanting to offer B&B and vacation package services in addition to the restaurant services presently offered. An emphasis on catering to local businesses, educational institutions and local planned events in the area could definitely bring in more revenue. This is a family operated business and the current owners have been content with the level of income earned and success achieved. ** NOTE: 2017 sales of $857K (Conservative) are projected from the July 31 P&L Statement. 2016 sales of $836K are actual and taken from the 2016 Tax Return. 2015 sales of $824K are actual and taken from the 2015 Tax Return
Support & Training:
Owners willing to remain for 30 days for familiarization to the business, however, a fully trained staff is in place including a lead chef and sous chef. Current owner is also a world-class chef and can train new owner(s) on preparation of all menu items offered.
Reason for Selling:
Retirement
May also visit our website at www . biztsfr. com and click on "Listings" to see more information on restaurant and download the NDA / Fin forms. PH: 614-559-4515
Tara Kueker, Business Transfer Specialists LLC
3423 E Powell Rd
Lewis Center, OH 43035
Phone: 614-559-4515
FAX: 614-559-4562
Property Details- Former Inn
- 3 Guest Rooms
- 3 Guest Room Baths
- Has Owner's Quarters
- Built in 1878
- Last Renovated in 2010
- Opened in 1995
- Building is 2,800 SQFT
- Lot is 0.5 Acres
- Photo Gallery
- Property Website
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