Listing Number: 60270-347510
Description
This is a dream opportunity to step into ownership of a well-recognized and popular franchised restaurant and bar business with prime locations in the Greater Cincinnati area.
All locations have been serving their communities for several years with high-quality food and drinks in a fun, inviting atmosphere. High-capacity indoor seating includes multiple bar and table options for massive revenue upside. Outdoor options are plentiful as well at all locations, with covered full-service bar and seating areas surrounded by TV’s and music. The franchise has a strong brand reputation and loyal customer base, and is well-known for its delicious menu, huge parking lots, and friendly service.
All locations remained in operation through Covid with enhanced carry-out services. Multiple revenue streams remain, including dine-in, carry out, catering, party hosting, and live community events indoors or outdoors.
The franchisor offers a proven business model and a well-established system of operation, training, and ongoing support. All locations have fully staffed management in place. Current ownership agrees to stay onboard for an appropriate time to ensure a smooth transition.
Additionally, current ownership has negotiated lower franchise marketing fees, royalties, rent, and processing fees to increase profitability moving forward.
All locations are well-maintained with appropriate asset upgrades and replacements completed over the years. Book Value FF&E investments total over $2 million (before depreciation). Intangibles and pre-opening investments totaled over $800k.
Want even more upside? There is opportunity to add more locations as well!
In summary, this is a fantastic opportunity for a motivated individual or group to take over a successful franchised restaurant with multiple locations and a well-known brand.
Executive summary CIM will include complete details of the last 8 years for your confidential review.
Seller financing available.
Listing Details
- Price: $ 1,500,000
- Down Payment: $1,500,000
- Sellers Discretionary Earnings: $ -255,760
- Total Sales: $ 6,300,000
- Location: Hamilton County, Ohio
- Inventory: $ 95,000
- FF&E: $ 2,100,000
- Employees: 135
- Year Established: 2007
- Reason for Selling: Retiring
- Category: Restaurants