BUSINESS FOR SALE F-2613

POPULAR RESTAURANT OHIO RIVER VIEW

Offered for sale is this very popular restaurant located with a Ohio River view in the Greater Cincinnati region. The current owner opened the restaurant over 10 years ago and now over retirement age, is ready to sell.

Investment Highlights:

• Real Estate is included in the purchase price
• Last real estate appraisal is greater than the asking price
• The business and liquor license add substantial additional value
• Excellent reputation, earned the “Best of Cincinnati” award
• The restaurant draws its customers from a larger radius than most restaurants
• Owner only works about 10 hours a week.

Reason for Sale:

After operating the business for 10 years, the owners are ready to retire. This offers a unique opportunity for the buyer to purchase a restaurant with a well known name and great reputation, with real estate.

Asking Price:

The business with real estate is being offered as an asset purchase free and clear of debt and liability for an asking price of $369,000 plus inventory (approximately $7,000) at cost.

Financial Summary:

P&L SUMMARY:201820172016
Total Revenue        541,910        493,093        322,767
Gross Profit        314,273        289,532        162,167
ACF        108,135          80,712          16,543
ACF: Net Income / Cash Flow of the business before owner salary, perks, interest & depreciation.
ASSETS INCLUDED IN PURCHASE:
Furniture, Fixtures & Equipment, original cost.        230,000
Real Estate (appraised value 2012)        385,500
Liquor License          17,000
Total        632,500

 

DETAILED OFFERING MEMORANDUM IS AVAILABLE
For Further Information Contact:
KEATE PARTNERS, LTD.
1095 Nimitzview Dr. Suite 201
Cincinnati, OH 45230
(513) 241-3700 Fax (513) 672-9386
www.keatepartners.com
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