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.
• 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.
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.
|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|
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
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