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
- Listing Number: 60270-347510
- Location: Hamilton County, Ohio
- Price: 1,500,000.00
- Down Payment: 1,500,000.00
- Sellers Discretionary Earnings: -255,760.00
- Category: Restaurants
- Inventory: 95,000.00
- FF&E: 2,100,000.00
- Employees: 135
- Years Owned: 16
- Reason for Selling: Retiring
