Price Reduced / Owner is Retiring
Asking Price: $264000
Seller is Motivated to Retire; Price Just Reduced; Seller Financing!
The 3 most valued things that a business has:
This long established restaurant is located in the center of huge office buildings, apartments, and hotels. There are several parking lots very close by. While downtown Cleveland has always had office buildings, there were never as many new apartment buildings and one close by just going up. After work people flock to the restaurants in droves. Even on a Sunday you can see large numbers of people out and about, eating at sidewalk cafes, shopping at Heinen’s, attending plays at Playhouse Square. Thousands of people are living, working, and socializing in the area, looking for a good place to eat. If they are attending plays, they are looking for a place to eat nearby both before and after the shows.
At a 97.6-percent occupancy rate with apartment-complex waiting lists that extend for "years" in some cases — is a social and economic behemoth unlike anything the city has seen in a long time. It's a new Cleveland identity entirely. It's upscale.
"Downtown" is closing in on some 15,000 residents, up 70 percent since 2000. "275 apartments are currently under construction and another 4,000 are in various stages of planning."
Although the downtown residential population is over 14,000, downtown Cleveland is still only scratching the surface of meeting demand for downtown living. Playhouse Square is putting up a new apartment building near East 17th. At 378 feet tall, including mechanical floors, the 34 story apartment building will be comparable in height to the Hilton Cleveland Downtown and house over 300 units.
That's where our downtown restaurant comes in. It is centrally located in the middle of all of the activity! AND they are only serving lunch and dinner 6 days a week; they are closed on Sunday. With all of the influx of office workers, residents, and visitors, this would be an ideal time to offer breakfast and a Sunday BRUNCH! Everything is in place to do this; all you need is staffing and a good breakfast / Brunch menu! The rent which is currently $7475 / month, will not change when you stay open longer hours.
The business has 5,100 sq. ft. located in a large office building. It also has a street entrance. It has the possibility of having a breakfast crowd. Everything is in place. All you need is the staffing and a good breakfast menu. The rent will not change when you are open longer hours. The current rent is $7475 / month. The current Lease expires on March 31, 2020 and they have an additional 5 year option to renew. This business already has an established great name.
Located in an area of brisk business and plenty of clientele. New apartment buildings are being built in the immediate area, which will provide an influx of residents and customers. They already serve many office buildings and businesses in the area. Crain's News Magazine just posted new information about new apartment building being built within a block of this restaurant. Downtown residents typically eat out; that should increase the dinner crowd and possibly the breakfast crowd. At this time they do not serve breakfast.
Breakfast could and should be added to bring in additional income, especially since there will be an influx of residents nearby. They are currently a food business that has Liquor. The liquor business is not promoted the way it should be.
Support & Training:
The seller will provide transitional support for 1 month, not to exceed 20 hours per week.
Reason for Selling:
They have a D-1, D-2, D-3 and D-6 Liquor License; that is, Beer, Wine and Hard Liquor for 7 days a week. Call and find out more about this tremendous opportunity; schedule a visit with the owners and myself to see for yourself. Peter Vadas, Broker
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Asking Price: $550000
Gross Sales: $971030
Cash Flow: $74000
76 years same owner. High End Beverage Store.
NO HARD LIQUOR SALES AT THIS STORE.
BEER & WINE!
Break down of sales by category %;
Wine Supplies 3%
Beer supplies 2%
This beverage store has all the features of a valuable business : long history, great location, parking, and visibility, and profitability. The Real Estate and FF&E are included in the Asking Price. The Inventory is valued at over $100,000 at cost, and is not included in the Asking Price.
Bank Financing is available: The Bank will require $214,000.00 as a down payment with good credit history and some experience in managing a business. The bank will finance $436,000.00 for 20 to 25 years at 6% to 7% interest.
The free standing building contains 3,264 square feet situated on .25 acres on a main thoroughfare with high visibility and excellent parking and access. Inside you will find all the shelving and walk in coolers that a fantastic beverage store would need!
This is located in a very good community and the surrounding area is also of the same caliber. Delivery should be considered as an additional service that is offered by this store. You can charge a fee for delivery. 10 plus years ago this store did have a delivery service. Delivery can add 30% to the gross sales and going back to the old hours is important. The hours could also be extended, as they were cut back three years ago.
THE SELLER SAYS, "BRING ME AN OFFER THAT IS REALISTIC, I'M READY TO RETIRE NOW".
A Fair offer will put you into a profitable store. If you know anything about state minimum markups and see the types of sales this store has, you will recognize, this is a very profitable store. Their forte is Beer and Wine sales.
Call for more information and a tour!
FF&E: $250,000 (Included in the Asking Price)
Real Estate: $619,000 (Included in the Asking Price)
25 beautiful acres in Geauga County which currently serves as an event location. There is a 9000 sq. ft. building which is fully equipped and includes all furniture, fixtures, and equipment, plus a D5, D6 Liquor License. It is a full line, custom event and cuisine venue. They specialize in Wedding Receptions, Company Events and Seminars, Holiday Celebrations, Fund Raising Events, Anniversary and Retirement Parties, High School Proms and events of every kind. They offer a wide array of culinary choices from continental breakfast to sit down dinners to food stations allow you to create exactly what you need to make your event memorable and stay within budget. Their service staff can also help with other meeting arrangements to allow your staff to focus on the business side of the meeting.
Aside from this outstanding event location, there are 25 acres which would be ideal for builders of single family homes, condos, or apartments.
The banquet hall comes fully equipped with all the furniture, fixtures, and equipment necessary to hold events for up to 500 people. The FF&E is included in the Asking Price and is valued at $250,000. Adjacent to the Banquet Hall is a Gazebo and Lake. It is a beautiful property.
There is no other full service venue quite like this one, that includes all of the facilities and staff needed for all types of events. There are several other venues but each one is unique to the services offered.
The Sellers will stay with the Buyer for a period of one month to allow for a smooth transition.
Reason for Selling:
Asking Price: $300,000
Gross Revenue: $500,000
Cash Flow: $89,000
FF&E: $50,000 (included)
Inventory: $61,000 (not included)
They serve all platers that do Decorative Chrome on plastic and on metal. Zinc Platers, Silver Platers and Gold Platers. This is a niche business. Every item that requires plating must be placed onto a rack (a holder) before being immersed into the tank for the plating process. The rack has to be designed to fit the part. This company manufactures all of these types of racks.
Another profit center is to Rebuild existing Racks.
The closest competition to this company in Ohio is in Dayton. Someone in good health can increase the gross sales and net profit substantially. Prior to getting sick, they had net income of $195,000 a year
There are two buildings. Each building has 3250 sq. ft. They are leased for $1500 per month.
There are 10 employees altogether. The Sellers are ill and are unable to keep up with the demand for their business. They will negotiate the amount of time they will be able to stay with the Buyer to assure a smooth transition.
They are currently located in Wickliffe, Ohio, but the business could be relocated.
Asking Price: $150000
Gross Sales: $260606
Cash Flow: $63967
FF&E & Inventory: $55000
Community Newspaper Publishes Bi-weekly
This newspaper serves the Southern Suburbs of Cleveland, Ohio.
It has enjoyed a strong reader base for 42 years and is published twice a month to paid subscribers. It covers in depth local events, government news, and school activities. Long standing advertisers rely on the business it brings them through timely and attractive ads and are often featured in a story spotlighting their products. Over the last twelve months it has had over 150 steady advertisers. It is a well-established newspaper and recognized throughout the 6 suburbs as providing accurate news and quality advertisers to these affluent communities.
There are 8 employees; 6 are considered free lance.
It is housed in a 1500 sq. ft. building and leased for $1100 per month.
A bank will finance this business with $50,000.00 dollars as a down payment.
There is no other newspaper in this community. They belong to the Chamber's of Commerce for each of the communities that they serve. The fellow members and personal contacts that they have developed over the years creates many referrals for their advertising business. Their reputation precedes them as many advertisers search for them and look to the dependable response that this newspaper provides. Every Newspaper and magazine from the Wall Street Journal, New York Times, the Plain Dealer, Cosmopolitan and People magazine has a sales force that that sells advertising. The advertisers like the subject matter of the paper. They like the response they get for the customers that buy and use their services.
The business is similar to Val-Pak coupon mailers in that it survives on advertisers. There is no business that can survive without spend money on advertising. It should be built into the budget. Every business needs to advertise, from car dealerships, hardware stores, beauty salons, plumbers and builders and repairmen. The paper that has more salesmen on the road reaching out to each community that they serve, selling advertising to every business in that community, will increase the income. There are unlimited growth possibilities. Making money can be a fun occupation.
The seller will stay with the buyer at no additional cost for one month. She is willing to stay longer on a part time basis with an agreed upon commission. Her reason for selling is that she is retiring.